LED Photonics, a Long Island City, NY-based company creating a new class of LiDAR sensors for machine perception, has raised $ 15.4 million in Series A funding.
The round was led by UP.Partners with participation from previous investors LDV Capital and Contour Ventures.
Co-founded by Chris Phare and Steven Miller, Voyant is creating a new category of LiDAR sensors for machine perception for transportation, robotics and surveillance applications. The company relies on scalable, commercially available semiconductor manufacturing processes that combine thousands of optical and electrical components on a single chip. This allows the company to mass produce a LiDAR system similar to the manufacture of computer chips.
Its LiDAR system contains thousands of optical components made on a single semiconductor chip.
LiDAR is a key technology for enabling 3D vision in many industries, including transportation, robotics, industrial automation, and consumer electronics.