Robert Bosch Venture Capital completed a follow-on investment in ABAX Sensing. ABAX is developing a full solid-state chip LiDAR for consumer and automotive applications, in particular for advanced driver assistance systems and autonomous vehicles. RBVC and Orbbec, a leading Chinese high-tech company focusing on 3D sensor technology, led the Pre-Series A financing round followed by GSR Capital and other investors.
ABAX’s enhanced chip-level solution intrinsically enables low costs and small product design, combined with functional requirements and safety. Its proprietary anti-interference technology eliminates mutual interferences among different LiDAR devices and disturbance problems caused by ambient light very effectively.