Oberkochen | 27 May 2021 | ZEISS Group
Former ZEISS LiDAR startup "Scantinel Photonics" has received further growth financing through Scania Growth Capital. The ZEISS Ventures portfolio company develops and produces FMCW LiDAR (Light Detection and Ranging) sensors for next-generation LiDAR systems for autonomous vehicles (AV).
“The LiDAR market is further consolidating and it’s becoming clearer which technologies and startups will eventually make it to mass production. Here at ZEISS, we are proud that Scantinel is among the ones that succeed in attracting new investors," explains Gerrit Schulte, Head of ZEISS Ventures.
Advances in new sensor technologies, like LiDAR, are set to make cars safer and, eventually, autonomous. Scantinel offers unique FMCW LiDAR technology that delivers a new dimension of data to future vehicles. Scantinel’s LiDAR technology measures distances to objects in the plus-300-meter range with a high level of integration, solid state scanning and competitive pricing, which is key for autonomous vehicles.
“We see a great benefit from having Scania’s Venture Capital fund as an investor and are pleased to welcome Scania Growth Capital on board to support us as we continue to progress,” says Scantinel CTO & Co-founder, Andy Zott.
The series-A funding allows Scantinel Photonics to further develop and commercialize its leading FMCW (Frequency Modulated Continuous Wave) LiDAR technology. “The investment from Scania Growth Capital enables us to commercially implement this technology in close cooperation with our customers and technology partners,” says Scantinel Commercial Managing Director, Michael Richter.
“The future safety of autonomous vehicles is based on FMCW LiDAR sensor technology. We see Scantinel Photonics as the technology leader in its field and we are excited to be part of the growth journey,” says Christian Zeuchner, Partner at the management company Scania Growth Capital.
ZEISS is an internationally leading technology enterprise operating in the fields of optics and optoelectronics. In the previous fiscal year, the ZEISS Group generated annual revenue totaling 6.3 billion euros in its four segments Semiconductor Manufacturing Technology, Industrial Quality & Research, Medical Technology and Consumer Markets (status: 30 September 2020).
For its customers, ZEISS develops, produces and distributes highly innovative solutions for industrial metrology and quality assurance, microscopy solutions for the life sciences and materials research, and medical technology solutions for diagnostics and treatment in ophthalmology and microsurgery. The name ZEISS is also synonymous with the world's leading lithography optics, which are used by the chip industry to manufacture semiconductor components. There is global demand for trendsetting ZEISS brand products such as eyeglass lenses, camera lenses and binoculars.
With a portfolio aligned with future growth areas like digitalization, healthcare and Smart Production and a strong brand, ZEISS is shaping the future of technology and constantly advancing the world of optics and related fields with its solutions. The company's significant, sustainable investments in research and development lay the foundation for the success and continued expansion of ZEISS' technology and market leadership. ZEISS invests 12 percent of its revenue in research and development – this high level of expenditure has a long tradition at ZEISS and is also an investment in the future.
With over 34,000 employees, ZEISS is active globally in almost 50 countries with around 30 production sites, 60 sales and service companies and 27 research and development facilities. Founded in 1846 in Jena, the company is headquartered in Oberkochen, Germany. The Carl Zeiss Foundation, one of the largest foundations in Germany committed to the promotion of science, is the sole owner of the holding company, Carl Zeiss AG (status: 31 March 2021).
Further information at www.zeiss.com
Founded in 2019 and based in Ulm, Germany, Scantinel Photonics GmbH is a leading FMCW LiDAR company offering next-generation LiDAR technology for autonomous vehicles. Scantinel is backed by ZEISS Ventures and Scania Growth Capital.
For more information, visit www.scantinel.com
Scania Growth Capital is a corporate venture capital fund that invests in growth companies with strategic relevance to Scania and Scania’s ecosystem of customers and partners. The fund is managed by an external management company with a team that has extensive experience in both investments and the automobile industry. Through Scania Growth Capital, Scania reaches a segment of complementing companies, giving Scania an opportunity to tap into early development and innovation that is relevant to the industry but outside Scania’s own core operations.
For more information, visit www.scaniagrowthcapital.com