[ LeddarTech raises $130M in Series C ]

LeddarTech has raised $130 million in Series C funding.

Founded in 2007, LeddarTech develops LED detection and ranging solutions for object recognition and distance measurement applications.

The new round of funding will allow LeddarTech 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.

Funding  Series C
Founded  2007
Country  Canada
City  Quebec, Quebec
Founder / CEO  Charles Boulanger
Deal Size  $130M
Investors  OSRAM
 Fonds de solidarité FTQ
 Integrated Device Technology
 Magneti Marelli USA – Electronic Systems
Previous Investors  Go Capital
 BDC Venture Capital
 Access Capital
 GO Capital Fund
 Innovatech Québec
 I-Source Gestion