TriLumina Closes Additional $9M Round of Funding
News Articles

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

 

Sencure
We are gladly having Cottonwood Technology Fund on board as lead investor. They are very supportive on aligning strategy and execution. The first year they ...
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Jurryt Vellinga, CEO
Sencure BV
We are gladly having Cottonwood Technology Fund on board as lead investor. They are very supportive on aligning strategy and execution. The first year they brought in already 8 corporates as potential customer. We are surprised every time about their extensive entrepreneurial mindset, business experience and global network of Cottonwood. They have been very smart people and 24/7 supportive.
Sencure
Jurryt Vellinga, CEO
Sencure BV
BayoTech
We would not exist, or certainly not in New Mexico, if it were not for Cottonwood. Until Cottonwood got involved we struggled to get attention ...
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Justin Eisenbach, President and CEO
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We would not exist, or certainly not in New Mexico, if it were not for Cottonwood. Until Cottonwood got involved we struggled to get attention from other capital providers. Cottonwood has been a real catalyst, beyond their money, to upgrading our management team, opening doors to potential strategic investors and customers and focusing on our market entry strategy. Cottonwood has been a great partner in driving our success in every area. I truly believe they wake up every day looking for ways and ideas that can support our success.
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Justin Eisenbach, President and CEO
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Cottonwood began working with me a year before they closed their first fund. Even though they weren’t initially in a position to invest they...
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Steve Krasulick, President & CEO
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Cottonwood began working with me a year before they closed their first fund. Even though they weren’t initially in a position to invest they still opened doors to potential investors and customers, and assisted with the fund raising strategy and execution plan. Once their fund was closed they took an aggressive lead role in pulling together our first round and helping us launch the company. Now after having raised almost $150M they continue to support our growth, provide valuable advice and open doors to additional resources as we need them. We have been fortunate to have Cottonwood as a partner in building our company.
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Steve Krasulick, President & CEO
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