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Preact Technologies Raises $14 Million In Series B

Jan 05, 2023•over 2 years ago

Amount Raised

$14 Million

Round Type

series b

PortlandSoftwareInformation Technology

Investors

Traylor CapitalState Farm Ventures®I Squared Capital

Description

PreAct Technologies, a market leader in near-field software-definable flash LiDAR technology, today announced $14 million in the first close of Series B funding led by I Squared Capital. Additional participation in this round included State Farm Ventures®, Luminate, and Traylor Capital among other new and existing investors.

Company Information

Company

PreAct Technologies, Inc.

Location

2407 SE 10th Avenue

Portland, Oregon, United States

About

PreAct Technologies is the market leader in near-field software-definable flash LiDAR technology. Its patent-pending suite of sensor technologies provide high resolution, affordable LiDAR solutions to a wide range of industries including automotive, healthcare, ITS, industrial, consumer electronics, robotics and trucking. The firm is headquartered in Portland, Oregon, with offices in Ashburn, Virginia, Rochester, NY and Barcelona Spain. For sales inquiries, please contact sales@preact-tech.com. For more information, visit www.preact-tech.com.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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