Outsight raises €22m to accelerate the deployment of LiDAR in industry
Summary
This new round of funding is intended to further support the company’s expansion, its ambitious product roadmap including Edge and Cloud Processing, and to strengthen its strategic position as the leading Software Pure Player. This new product aims to address various use cases, such as Digital Twin applications and Automatic 3D Data Annotation and it puts Outsight in a prime position to shape this emerging market. According to Raul Bravo, President & Cofounder of Outsight, “LiDAR is emancipating from its roots in self-driving car R&D to become the solution of choice in large-scale applications in mature markets, thanks to the new category of enabling software that we have created”. Our investment reflects our collective ambition to widely disseminate the benefits of LIDAR technologies thanks to Outsight’s unique software-based approach which simplifies their use and reduces their deployment costs.” “The opportunity for 3D spatial intelligence and autonomy, beyond autonomous vehicles, is massive and untapped.” said Christopher Smith, Managing Director, Energy Innovation Capital. “Outsight’s technically elegant solution unlocks the power of LiDAR for mass adoption by solving the complex, raw data problem and providing valuable insights across a broad range of applications.
Funding
Review available funding amount, funding date, investors, and linked company information related to Outsight raises €22m to accelerate the deployment of LiDAR in industry in the interactive ISVWorld profile.