Scantinel Photonics, a supplier of next-gen LiDAR solutions for the mobility and industrial sectors, has raised €10 million ($10.4 million) in an extended Series A funding round. The round was backed by the company’s existing investors, Scania Growth Capital, and ZEISS Ventures, as well as PhotonDelta. With the funds raised, Scantinel will look to accelerate the rollout of its Frequency Modulated Continuous Wave (FMCW) LiDAR.
The sensor uses photonic chips that leverage light, as opposed to the electrons used in conventional LiDARs, to transfer information in microchips. In doing so, the FMCW LiDAR provides added power and affordability, as well as mass production scalability benefits.
These qualities help it support a broad range of use cases, while the sensor itself offers a detection range exceeding 300 meters alongside solid-state scanning capabilities. Ultimately, with its FMCW LiDAR, Scantinel is aiming to provide customers with an alternative to the larger, more expensive, LiDAR solutions that can also prove difficult to manufacture.