LIDAR Startup Blackmore Raises $18M Series B Led By BMW i Ventures
Summary
Light detection and ranging (LIDAR) company Blackmore Sensors and Analytics raised an $18 million Series B led by BMW i Ventures to increase autonomous vehicle safety with new technology. With safety a primary concern surrounding autonomous vehicles, LIDAR technology is a critical component of the equation. According to its website, Blackmore’s geospatial devices are also equipped for use in military defense and surveillance activities, surveying and civil mapping, mining work, and drone-operated imaging projects. According to its press release, the company will direct the funds toward scaling production of its sensors for advanced driver assistance systems (ADAS) and self-driving markets. “Long term, automotive is acting to open the door by providing the necessary scale to warrant investment in LIDAR,” Reibel wrote.