Lidar company Blickfeld raises €7.5 million to expand sales
Blickfeld GmbH (Munich, Germany), a 2017 startup company has raised €7.5 million to bolster market penetration of its smart lidar products.
Blickfeld, is backed by Continental amongst others, and raised $5.7 million in seed funding followed by $31 million in its Series A funding in 2021 (see German lidar technology firm raises $31 million). The company followed this up with €15 million in venture-debt from the European Investment Bank.
The lastest equity funding was led by private equity firms New Future Capital (NFC) and UVC Partners with all existing capital providers participating: Bayern Kapital, Continental, ams OSRAM Ventures, High-Tech Gründerfonds, and Tengelmann Ventures.
Blickfeld said it has achieved sales milestones that have convinced investors to provide additional funding. This should help expand sales capacity and could lead to a doubling of revenue in the 2024, the company said.
The money will be used to intensify sales and marketing activities and to develop lidar for additional market sectors, the company said.
The Qb2 sensor, in mass production since mid-2023, is an industrial smart lidar that integrates perception software. Blickfeld is enjoying sales for the volume monitoring of bulk goods in sectors such as agriculture and waste management, and in security applications. Locations such as airports and power stations have adopted Blickfeld lidar for intruder detection applications.
The company is led by Mathias Müller, founder and CEO.
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Blickfeld raises €15 million to scale up lidar production
German lidar technology firm raises $31 million
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Continental invests in Lidar start-up Blickfeld
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