LightCode Photonics in a €425k angel round led by United Angels VC and Superangel.
LightCode Photonics, a Tartu, Estonia-based developer of software-defined 3D cameras, announced closing a funding round of €425k ($520k).
The money was raised from local investors from Estonia, including United Angels VC and Superangel, joined by angel investors, such as Bolt co-founder Martin Villig, the country’s former CIO Taavi Kotka, Teleport co-founder Sten Tamkivi, and co-founder of Pipedrive Ragnar Sass.
LightCode Photonics, founded in 2020 by CEO Heli Valtna, is working for the development of a compact LiDAR-class 3D camera that will transform the autonomous mobility sector, particularly autonomous cars powered by satellite navigation.
The company says the potential lies in existing low-resolution LiDAR detectors to build into high-performance compact solid-state 3D imaging cameras. The company uses fundamentally different principles for acquiring images, inspired by quantum-light shaping technologies combined with the software-defined operation. The solution allows upgrading the performance of inexpensive hardware components for accurate real-time 3D mapping, making the solution highly scalable for roughly 90% of autonomous vehicle developers.