TriLumina Closes Additional $9M Round of Funding

TriLumina Corp., an Albuquerque, NM-based provider of solid-state automotive LiDAR illumination for ADAS and autonomous driving, closed an additional $9m equity and debt financing.

Backers included new investors Kickstart Seed Fund and existing stakeholders Stage 1 Ventures, Cottonwood Technology Fund, DENSO Ventures and Sun Mountain Capital.

The company intends to use the proceeds to accelerate the development of its compact LiDAR illumination modules to enable broad deployment of commercially viable automotive LiDAR systems.

Led by Brian Wong, CEO, TriLumina provides illumination modules that accelerate the development of new low-cost LiDAR sensor systems enabling enhanced safety and future autonomous vehicle platforms. The modules aim to replace scanning LiDARs used in today’s autonomous vehicle demonstration programs with high-resolution, long-range sensing in a small package, enabling the commercial deployment of semi-autonomous and autonomous vehicles.
The company has moved from initial technology development to sampling its proven solid-state LiDAR illumination modules to major Tier 1 automotive industry players.

 

Source: http://www.finsmes.com/2017/05/trilumina-closes-additional-9m-round-of-funding.html

 

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