Our Alumni Startup Toposens from Batch #3 has raised a new round of funding. The round was led by their existing investor ALPANA Ventures and joined by new investors Basinghall Partners and In-Q-Tel, Inc.
The company has developed the world’s first 3D Echolocation Sensor for emerging technologies, such as autonomous driving, robotics and smart buildings. The sensor system perceives its environment via the principle of echolocation, similar to the techniques used by bats. Toposens is the first company to bring this type of sensor system with 3D capabilities to the market, and it has been sold to more than 100 customers globally across multiple industries. The company has implemented and tested their technology in various projects with customers like BMW, Continental, and Daimler.
The startup plan to use the additional investment to enhance their technology and software, develop new partnerships, and launch new use cases based on their technology. The startup was founded in 2015 and is based in Munich with a presence in Sunnyvale, California. They took part in TechFounders program in 2016.
Read their full press release here: https://toposens.com/wp-content/uploads/2020/05/2020-05-06_Press_Release.pdf.
Learn more about their tecnology and innovation on their website: https://toposens.com.
Congratulations to Toposens and we wish to hear more from you in the future!