Blickfeld, a trailblazing LiDAR technology manufacturer, has successfully secured €7.5 million in Initial Growth Financing. This significant financial boost was led by New Future Capital (NFC) and UVC Partners. It marks a concerted effort by investors to enhance the market penetration of Blickfeld’s smart LiDAR products, which have been making waves in various industries, including supply chain and security.
Industry-disrupting technology
Blickfeld’s innovative LiDAR sensors are notable for capturing real-time 3D data. Their proprietary software, “Percept,” transforms this data into actionable insights. The company’s most groundbreaking innovation is its Qb2 LiDAR sensor model. Launched into mass production recently, the Qb2 is the first industrial smart LiDAR sensor that integrates fully with perception software within an ultra-compact design. This advancement in technology presents a unique proposition in the market, combining hardware and software in one small device. It paves the way for pioneering applications across various sectors.
Rapid growth & market expansion
The company’s recent high growth rates and achievement of sales milestones have convinced investors to provide additional funding. This investment is expected to fuel further sales dynamics, with the ambition to double revenue in the upcoming year and beyond.
Blickfeld plans to enhance its market presence, focusing primarily on Europe, North America, and China. The strategy includes intensifying marketing and sales activities and investing in the continued development of their proprietary LiDAR technology. These efforts aim to tailor solutions for specific industries, enhancing Blickfeld’s position in the market.
Client adoption & application diversity
Blickfeld’s technology is experiencing substantial growth in volume monitoring of bulk goods and security applications. Notable companies in sectors such as agriculture and waste management, including Levenseat and EEW Energy from Waste GmbH, have opted for Blickfeld’s solutions. Additionally, operators in critical infrastructure like airports and power stations are increasingly adopting Blickfeld LiDAR technology for reliable detection of unauthorized intrusion.
Confidence from investors & leaders
Mathias Müller, founder and CEO of Blickfeld, expressed gratitude for the investors’ recurrent commitment.
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
Mathias Müller, founder and CEO of Blickfeld
Tiffany Luo, CEO at New Future Capital, praised Blickfeld for creating a unique position in various industries with enormous market potential. Andreas Unseld, General Partner of UVC Partners, highlighted the challenges in the LiDAR space and commended Blickfeld for addressing these effectively, pointing to a bright future for the company.
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