Leddartech Announces 140 Million Usd In Series D Financing Combined With Debt Facility
02/03/22, 3:33 PM
Location
Industry
financial services
Round Type
series d
LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce a successful financing round with an investment of US$ 140M, which comprises a Series D first close of US$ 116M and debt facility of US$ 24M.
Company Info
Location
quebec, quebec, canada
Additional Info
The company offers cost-effective and scalable solutions such as LeddarVision™, a raw-data sensor fusion and perception platform that generates a comprehensive 3D environmental model with multi-sensor configurations to support Level 2+ to Level 5 full autonomy. In addition, LeddarTech will use the funds to augment engineering resources to meet the demands from global OEM and Tier 1-2 automotive customers actively engaged with the company for sensor fusion and perception sensing solutions. LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce a successful financing round with an investment of US$ 140M, which comprises a Series D first close of US$ 116M and debt facility of US$ 24M.