Scantinel Photonics Secures $10M in Series A Funding to Revolutionize Solid-State LiDAR Solutions

Scantinel Photonics, a pioneering force in FMCW sensing technology, is thrilled to announce that it has successfully raised 10 million euros in its latest funding round. Founded in 2019 and headquartered in Ulm, Germany, the company has rapidly emerged as a leader in offering next-generation solid-state SingleChip LiDAR solutions designed for automated mobility and industrial applications. The fresh capital infusion marks a significant milestone in Scantinel’s growth journey, fueling its mission to revolutionize sensing technology that underpins modern automated systems. Backed by prominent investors such as ZEISS Ventures, Scania Growth Capital, and Photon Ventures, this funding will accelerate the company’s research and development initiatives and expand its operational footprint in the competitive automotive and industrial sectors. The investment will be strategically deployed to enhance the company’s innovative FMCW LiDAR technology, ensuring that its products not only meet rigorous safety and performance standards but also set new benchmarks for efficiency and reliability in challenging environments. With plans to scale its production capacity and enter new markets, Scantinel Photonics is poised to drive forward the evolution of smart mobility solutions that are both cost-effective and robust. As the world looks for smarter, safer, and more connected systems, Scantinel’s advanced LiDAR technology is set to play a crucial role in shaping the future of automated transportation and industrial automation. This funding round not only affirms investor confidence in Scantinel’s vision and technological prowess but also highlights the growing demand for innovative solutions in the high-tech sensing industry.