Lidar maker Blackmore Sensors and Analytics raises $18 Million
New funding round for InP-based frequency modulated CW lidar system maker.
Blackmore Sensors and Analytics (Bozeman, MT), which develops frequency-modulated continuous wave (FMCW) lidar for automotive and other applications, has raised $18 million in a Series B funding round led by BMW i Ventures. Additional investment comes from Toyota AI Ventures, Millennium Technology Value Partners, and Next Frontier Capital.
Randy Reibel, CEO of Blackmore, said that the companies range and velocity is what differentiates Blackmore's sensor from its competitors. "Having the ability to measure both the speed and the distance to any object gives self-driving systems more information to navigate safely. Blackmore provides software and analytics so its customers can get the most out of the FMCW lidar sensors."
Blackmore will use the investment to scale the production of its FMCW lidar sensor for advanced driver assistance systems (ADAS) and self-driving markets. Increased production capacity will allow Blackmore to support the growing sector of autonomous driving teams demanding a superior lidar solution.
Blackmore's optical layer is built on standard optical fiber communications components. The company says it has integrated InP lasers into its system to reduce cost and improve performance.