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Venture Capital News: PreAct Technologies Scores $14M Series B Round

PORTLAND, OR, PreAct Technologies, a market leader in near-field software-definable flash LiDAR technology, has announced a $14 million first close of its Series B funding.
The round was led by I Squared Capital. Additional participation in this round included State Farm Ventures®, Luminate, and Traylor Capital among other new and existing investors.

PreAct Technologies is the market leader in near-field software-definable flash LiDAR technology. Its patent-pending suite of sensor technologies provide high resolution, affordable LiDAR solutions to a wide range of industries including automotive, healthcare, ITS, industrial, consumer electronics, robotics and trucking.
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