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December 20th, 2023
LiDAR Company Blickfeld Raises 7.5M Euros of Initial Growth Financing

Investors are increasing their financing of the LiDAR company Blickfeld to bolster the market penetration of its smart LiDAR products, which are disrupting supply chain and security applications by providing real-time 3D information easily.

 

Munich, Germany – Blickfeld, an innovative LiDAR (Light Detection and Ranging) solutions manufacturer, has secured 7,5 million euros of Initial Growth Financing. Led by private equity firm New Future Capital (NFC) and UVC Partners, all existing capital providers are participating: Bayern Kapital, Continental, Fluxunit – ams OSRAM Ventures, High-Tech Gründerfonds, and Tengelmann Ventures.

Blickfeld’s high growth rates in recent months and the achievement of sales milestones have convinced investors to provide additional funding. This is intended to fuel sales dynamics further, double revenue in the upcoming year and beyond, and enhance Blickfeld’s market presence mainly in Europe, North America, and China. Among the measures to achieve this are intensified marketing and sales activities and investments in further developing the company’s proprietary LiDAR technology and solutions tailored for specific industries.

Disruptive technology that convinces

Blickfeld’s LiDAR sensors capture real-time 3D data, while the company’s proprietary software “Percept” transforms this data into actionable insights with great benefit for users. Blickfeld’s most groundbreaking innovation is the LiDAR sensor model Qb2 which has been in mass production since the middle of this year. Qb2 is the first industrial smart LiDAR sensor featuring fully integrated perception software within its ultra-compact design, presenting a unique proposition in the market. The combination of hardware and software in one small device unlocks a spectrum of pioneering applications. Currently, Blickfeld is experiencing the most growth in the areas of volume monitoring of bulk goods, where major companies in sectors like agriculture and waste management, such as Levenseat and EEW Energy from Waste GmbH are opting for the Blickfeld solution, and in security applications, where an increasing number of operators in critical infrastructure like airports or power stations are adopting Blickfeld LiDAR technology for exceptionally reliable detection of unauthorized intrusion.

Mathias Müller, founder and CEO of Blickfeld, states: “Our investors’ recurrent commitment is a sign of trust in our unique solutions and our ability to develop and fulfill an international demand. We are confident that our cutting-edge LiDAR technology will establish itself soon as an indispensable standard in numerous industries and applications. It’s good to know that we have our investors as strong partners by our side!”

Tiffany Luo, CEO at New Future Capital, asserts: “We are excited to see how Blickfeld has created a unique position for itself successfully in various industries with huge market potential. Blickfeld’s new and highly value-adding technology has the potential to conquer numerous markets rapidly. Thus, we are delighted to continue supporting the company’s path alongside the other investors.”

Andreas Unseld, General Partner of UVC Partners, says: “LiDAR has been very challenging – in terms of technology but also of market fit. Most companies founded in the LiDAR space have not been able to face both of these aspects. Blickfeld has solved these challenges perfectly and is looking into a bright future because they can now address a wide variety of applications with a fully industrialized, high-performance, and low-cost full-stack solution, including hardware and software in a device not much bigger than the palm of a hand.”