LeddarTech raises $130 mln to advance sensors for self-driving cars

LeddarTech Inc, a Québec City-based provider of optical detection and ranging technology, has raised about $130 million (US$101 million) in a Series C financing. Strategic investor Osram, which acquired a stake in the company in July, led. It was joined by Delphi, Magneti Marelli, Integrated Device Technology and Fonds de solidarité FTQ. Established in 2007, LeddarTech is the developer of LiDAR sensing technology used in self-driving cars. Led by CEO Charles Boulanger, the company will use the funds raised to enhance ASIC development efforts, expand R&D, and accelerate LiDAR development with select automotive customers to advance market deployment.

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