What is Preact Technologies?
Based in Portland, Oregon, Preact Technologies specializes in the development of the world's fastest flash LiDAR systems. The company's core value proposition lies in its patent-pending, software-definable sensor suite, which is engineered to support the extended lifecycle of software-defined vehicles. By providing precise object tracking and near-field sensing capabilities, Preact serves a diverse array of markets, including automotive, trucking, and industrial robotics. Their technology is uniquely positioned to address the growing demand for reliable, high-performance perception systems in complex, dynamic environments.
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 Alpha Bridge Inc, elev8.vc, and Sony Innovation Fund
Unspecified (2021): $11.4M, investors not publicly disclosed
Series A (2021): $13M supported by Stargazer Ventures, State Farm Ventures, Traylor Capital, Gotham Partners, and Elev8.vc
Series B (2023): $20M featuring Luminate, I Squared, and State Farm Ventures
Key Investors in Preact Technologies
State Farm Ventures
State Farm Ventures is a corporate venture capital arm that invests in startups developing innovative technologies and products to support the insurance and mobility ecosystems.
I Squared Capital
I Squared Capital is a global private equity firm focusing on infrastructure investments across energy, utilities, transport, and telecommunications sectors.
Sony Innovation Fund
Sony Innovation Fund engages with early-stage startups to fuel the development of disruptive technologies and foster collaboration within the global Sony network.
What's next for Preact Technologies?
With the successful closure of its recent financing round, Preact Technologies is well-positioned to accelerate its product roadmap and scale its manufacturing capabilities. The company is expected to leverage this capital to deepen its integration with major automotive incumbents and expand its footprint in the industrial automation sector. As the industry shifts toward more sophisticated, software-centric architectures, Preact's ability to provide adaptable, high-speed sensing will be a key differentiator in maintaining its competitive edge and driving long-term growth in the global mobility market.
See full Preact Technologies company page
