What is Preact Technologies?
Preact Technologies is at the forefront of developing the world's fastest flash LiDAR, engineered to provide superior near-field sensing and object tracking. Its innovative solutions cater to critical sectors including automotive, trucking, robotics, and industrial markets. A key differentiator for Preact is its patent-pending, software-definable LiDAR, uniquely designed to support the evolving needs of software-defined vehicles, ensuring longevity and adaptability in a rapidly advancing technological landscape. The company is based in Portland, Oregon.
How much funding has Preact Technologies raised?
Preact Technologies has raised a total of $46M across 4 funding rounds:
Unspecified
$1.6M
Unspecified
$11.4M
Series A
$13M
Series B
$20M
Unspecified (2020): $1.6M with participation from Sony Innovation Fund, Alpha Bridge Inc, and elev8.vc
Unspecified (2021): $11.4M, investors not publicly disclosed
Series A (2021): $13M supported by State Farm Ventures, Traylor Capital, Gotham Partners, Stargazer Ventures, and Elev8.vc
Series B (2023): $20M featuring Luminate, I Squared Capital, and State Farm Ventures
Key Investors in Preact Technologies
Sony Innovation Fund
Sony Innovation Fund is dedicated to engaging with innovative stage startups to help fuel development of disruptive technologies and launch of new businesses. Beyond investment, the company's mission is to provide startups access to Sony and the company's worldwide network, advise startups to help them grow and collaborate with startups towards common successes.
Luminate
Luminate offers the world's first platform for image applications, combining Internet and crowdsourcing technology to deliver the optimal content relevant to online images. It is funded by prominent venture capital firms.
State Farm Ventures
State Farm Ventures is a venture capital firm that invests in startups developing technologies and products, headquartered in Bloomington, Illinois.
What's next for Preact Technologies?
The substantial enterprise-level funding indicates a strong validation of Preact Technologies' vision and technological prowess. This capital infusion is expected to accelerate product development, scale manufacturing capabilities, and expand market reach, particularly within the burgeoning autonomous vehicle and advanced robotics sectors. The company's focus on software-definability positions it well to capitalize on the trend towards connected and intelligent systems, suggesting a trajectory towards broader adoption and potential strategic partnerships.
See full Preact Technologies company page
