Outsight, a Paris, France-based developer of LiDAR-based 3D software solutions, announced that it raised $22 million in funding.
The round was co-led by Energy Innovation Capital (EIC) and the Defense Innovation Fund managed by Bpifrance, with participation from Groupe ADP and historical investors BNP Paribas, SPDG, Demeter, Safran, and Faurecia.
The funding underscores the growing significance of software integration in the quickly developing field of LiDAR beyond self-driving cars. It is also a resounding endorsement of Outsight's industry-leading work in deploying 3D software solutions across several industries, including Smart Cities, Aviation, Robotics, Industry, and Logistics.
This new round of funding is intended to support the company's further expansion and ambitious product roadmap, including edge and cloud processing, and strengthen its strategic position as the leading software player.
Raul Bravo, President & Cofounder of Outsight, said, "LiDAR is emancipating from its roots in self-driving car R&D to become the solution of choice in large-scale applications in mature markets, thanks to the new category of enabling software that we have created."
The largest airport LiDAR-based solution, successfully tested in Paris-Charles de Gaulle (ADP Group), is just one among dozens of new customers Outsight has deployed solutions for and supported in recent months. The company's software solutions have also been widely embraced in several other markets throughout Europe, the United States, Asia, and the Middle East.
Company: Outsight S.A.
Funding Month: October 2022
Lead Investors: Energy Innovation Capital (EIC) and the Defense Innovation Fund
Additional Investors: Groupe ADP and historical investors BNP Paribas, SPDG, Demeter, Safran, and Faurecia
Company Website: https://www.outsight.ai/
Software Category: Edge AI LiDAR Software
About the Company: Four serial tech entrepreneurs with deep industry knowledge and experience in autonomous cars, robotics, and embedded AI: Raul Bravo, Cédric Hutchings, Olivier Garcia, and Scott Buchter, created Outsight. Outsight is an innovative company specializing in real-time 3D situation awareness that develops real-time 3D LiDAR perception solutions. Its mission is to make LiDAR-based Spatial Intelligence become plug-and-play so it can be used by application developers and integrators in any market. Its solutions are utilized by prestigious clients in the United States, Europe, and Asia in various applications, including autonomous cars, mobile robots, industrial automation, ITS, drones, and off-road vehicles. Outsight has offices in San Francisco and Sophia Antipolis in addition to Paris.