Blackmore Sensors and Analytics has raised $18 million in a Series B funding round led by BMW i Ventures. Additional investment came from Toyota AI Ventures, Millennium Technology Value Partners and Next Frontier Capital.
Blackmore Sensors and Analytics is a developer of frequency-modulated continuous wave (FMCW) lidar for the automotive industry.
Blackmore claims its FMCW lidar technology has several competitive advantages over traditional pulsed lidar systems, enabling autonomous driving teams to achieve their goals faster.
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.