German firm Scantinel Photonics receives funding from PhotonDelta, Scania Growth Capital, and ZEISS Ventures to develop photonic chips, which will make LiDAR systems more affordable, faster and easier to mass produce.
LiDAR technology uses laser pulses to measure the distance to an object or surface. Compared to other technologies like radar and RGB cameras, LiDAR systems are more exact and precise in recognising and mapping objects.
A €10 million extended Series A has now been raised by Scantinel Photonics, a firm creating next-generation LiDAR systems for transportation and industrial applications. PhotonDelta, together with current investors Scania Growth Capital and ZEISS Ventures, contributed to the financing.
The investment will be used by Scantinel to distribute its Frequency Modulated Continuous Wave (FMCW) LiDAR devices to customers. It is perfect for allowing autonomous driving as well as applications in logistics, such conveyor belts, and self-driving cranes. LiDAR devices, however, have not yet been a realistic replacement due to their size, cost, or production challenges.
Scantinel has created its ground-breaking FMCW LiDAR solution using photonic chips, which use light rather than electrons to transfer information in microchips. These chips are sturdy, reasonably priced, and scalable for mass production, making it possible for LiDAR to be used in a variety of industries and mobile applications. With higher resolution and solid-state scanning, the technology offers a detection range.
With this investment, PhotonDelta has taken another step toward its goal of creating a European photonics ecosystem.
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