Sense Photonics announced that they have closed a $26 million Series A funding round.
The round was co-led by Acadia Woods and Congruent Ventures, with participation from several other investors, including Prelude Ventures, Samsung Ventures, Shell Ventures, Hemi Ventures and IPD Capital.
The company’s LiDAR system ushers in a new era of advanced 3D imaging technology designed from the ground up to meet the cost, performance and safety requirements for automotive and industrial applications. Based on a ‘flash’ architecture, Sense Photonics’ systems have no moving parts and do not scan at all. This approach enables high resolution across wide horizontal and vertical fields-of-view without compromising frame rate. In addition, the company’s camera-inspired design is highly manufacturable and enables small, customizable form factors critical for seamless integration into vehicles.