Bozeman, Montana Based Blackmore Sensors and Analytics Raises $18 Million Series B Financing Round to Scale Automotive Lidar Solution

Investment Round Led by BMW i Ventures; Includes Toyota AI Ventures

"Blackmore’s groundbreaking FMCW lidar technology is designed to eliminate interference, improve long-range performance, and support both range and velocity — a triple threat to make autonomous driving safer." Jim Adler, managing director of Toyota AI Ventures

Blackmore Sensors and Analytics, Inc. https://blackmoreinc.com/ , a leading developer of frequency-modulated continuous wave (FMCW) lidar for the automotive industry, announced today that it has raised $18 million in a Series B funding round led by BMW i Ventures. Additional investment comes from Toyota AI Ventures, Millennium Technology Value Partners and Next Frontier Capital http://www.nextfrontiercapital.com/

https://www.prnewswire.com/news-releases/blackmore-sensors-and-analytics-raises-18-million-series-b-financing-round-to-scale-automotive-lidar-solution-300616225.html

***

Montana Career Opportunities – Software Engineer, Embedded Software Engineer, 2018 Manufacturing Tech Internship, Electrical Engineer – Blackmore http://www.matr.net/article-81939.html

***

"Blackmore’s ability to pull in top tier venture capital is a further testament to not only the strength of their technology and team, but to Montana’s high-tech business growth, diversity, and ingenuity," said Governor Steve Bullock. "We are embracing new technologies like self-driving cars, while welcoming further growth as Montana becomes one of the largest optics and photonics hubs in the world."

"Companies like Blackmore are distinguishing themselves as global leaders through innovative and futuristic technology. By bringing 21st century jobs to hard working folks they’re building stronger Main Streets across Montana and developing systems to make our roads safer," Sen. Tester said.