LeddarTech develops LiDAR sensors using an approach described as an advanced combination of optical-wave signal processing and software algorithms. The company relies on patented software to improve the sampling rate and resolution of LiDAR "echo" signals. Those improvements enable its LiDAR systems to capture distance information for all objects within the field of view. The article describes its core solution in technical terms but does not provide product lines or customer details. Financially, LeddarTech recently received a $59 million strategic investment. No revenue, user metrics, investors, or further financial details are provided in the report. LeddarTech is described as a global leader in flexible, robust and accurate ADAS and AD sensing technology. The company has evolved into a comprehensive end-to-end environmental sensing provider that helps customers solve sensing, fusion and perception challenges across the value chain. Core products include LeddarVision, a raw-data sensor fusion and perception platform supporting Level 2+ to Level 5 autonomy, LeddarSteer digital beam steering, and the LiDAR XLRator development solution built on the LeddarEngine. LeddarTech supports LiDAR makers and Tier 1-2 automotive system integrators and holds over 100 granted or pending patents. The company says it will use recent financing to accelerate development and commercialization and to augment engineering resources to meet demand from global OEM and Tier 1-2 customers. Management emphasizes enabling customers to deploy reliable, cost-effective ADAS and autonomous-driving solutions across brands and markets. LeddarTech provides a versatile and scalable automotive LiDAR development platform built around its LeddarEngine. The LeddarEngine pairs automotive‑grade, functional‑safety certified SoCs (LeddarCore) with LeddarSP signal‑processing software. The company’s patented technologies target ADAS and autonomous‑driving applications across automobiles, trucks, buses, delivery vehicles, robotaxis, shuttles and more. LeddarTech reports strong traction, with six tier‑1 vendors actively developing automotive‑grade LiDAR solutions based on its systems‑on‑chip and additional interest from other prospective strategic partners. To accelerate product introduction and scale its organization, the company closed a bridge financing and plans to expand its research and development teams. Management said the funds will support go‑to‑market efforts and organizational growth as it pursues further opportunities. LeddarTech is a Quebec City, Quebec, Canada-based provider of automotive-grade solid-state LiDARs. Led by CEO Charles Boulanger, the company develops Leddar, a patented solid-state LiDAR sensing technology that combines advanced light wave digital signal processing and software algorithms. Its sensors are used across automotive, intelligent transport systems, drones, and industrial vehicles. The company raised US$101 million in a Series C financing to support its growth. LeddarTech intends to use the funds to enhance its ASIC development efforts, expand its R&D team, and accelerate ongoing LiDAR development programs with select Tier‑1 automotive customers for rapid market deployment. LeddarTech supplies advanced detection and ranging systems based on patented sensing technology that performs time-of-flight measurement using pulses from infrared LEDs processed through algorithms. Its Leddar technology ranges from off-the-shelf sensor kits for makers to customized solutions for large volumes, offering integration opportunities to brand owners, integrators and OEMs. Led by CEO Charles Boulanger, the company targets a wide range of object detection under various environmental conditions. LeddarTech completed a $7M equity financing to support its growth. The company intends to use the funds to accelerate sales and marketing for its sensor modules and to support the ramp-up of its manufacturing and service operations. In coming quarters the team will focus on increasing brand visibility in key sensor markets and accelerating trial and adoption through commercial relationships with strategic customers and partners worldwide.

Total raised

$337M

Funding rounds

6

Latest round

Equity

Latest activity

Jan 2024