Outsight, a French start-up specializing in the development of unique solutions for real-time processing of Lidar data and other native 3D technologies, has raised €22 million in funding. The funding round was led by Energy Innovation Capital, with participation from BPI France, BNP Paribas, SPDG, Groupe ADP, Demeter, Safran, and Faurecia. Outsight was founded in 2019 by Cédric Hutchings, Raul Bravo, Scott Buchtera, and Olivier Garcia. Its software is used in a wide range of industries, including infrastructure, vehicles, aviation, robotics, and logistics. The company’s unique approach to processing Lidar data has attracted dozens of industrial and enterprise customers, including Aéroports de Paris (ADP), Stellantis, and ECA Robotics.
This funding will enable Outsight to accelerate its commercial development and establish itself as the Microsoft of Lidar. The company plans to use the funding to expand its customer base and develop new software offerings. The funding round was completed after 2CFinance completed financial due diligence of Outsight.
Energy Innovation Capital is a venture capital firm focused on investing in companies that are driving innovation in the energy industry. BPI France is a French public investment bank that supports innovative companies in a wide range of industries. BNP Paribas is a multinational banking and financial services company. SPDG is an investment firm that seeks to support sustainable and innovative companies. Groupe ADP is a French airport operator. Demeter is a European venture capital firm that invests in companies in the energy, environmental, and digital sectors. Safran is a French multinational aerospace and defense company, and Faurecia is a French automotive parts manufacturer. The involvement of these major players in Outsight's funding round is a testament to the company's potential to revolutionize the Lidar industry.
In summary, Outsight's €22 million funding round will enable the company to accelerate its commercial development and establish itself as the Microsoft of Lidar. The involvement of major players in the funding round is a testament to the company's potential to revolutionize the Lidar industry.