LeddarTech develops automotive-grade perception software designed to enable advanced driver-assistance systems and autonomous driving applications. Its platform processes raw sensor data to generate highly accurate 3D environmental models in real time.
The company serves automotive OEMs and Tier-1 suppliers, focusing on scalability, cost efficiency, and sensor flexibility. LeddarTech’s software supports passenger vehicles, commercial fleets, and off-road applications requiring high-precision perception.
What Is LeddarTech and What Does It Do?
LeddarTech, founded in 2007, is a Quebec City-based (Canada) automotive technology company. It builds raw data fusion and perception software for ADAS and autonomous driving systems.
The company’s platform enables accurate object detection, localization, and environmental modeling using a sensor-agnostic approach. LeddarTech employs 201-500 employees as of July 2024 and works closely with global automakers and mobility technology providers.
How Much Funding Has LeddarTech Raised?
1. Series A
- Amount Raised: $6.1M
- Date: February 2010
- Lead Investors: ISource Gestion
- Motivation: To develop early automotive sensing products.
2. Series A Extension
- Amount Raised: $2.43M
- Date: May 2013
- Lead Investors: BDC, GO CAPITAL
- Motivation: To expand R&D and commercialization efforts.
3. Series B
- Amount Raised: $6.2M
- Date: November 2014
- Lead Investors: BDC, GO CAPITAL
- Motivation: To scale sensor and perception software development.
4. Series C
- Amount Raised: $101M
- Date: September 2017
- Lead Investors: OSRAM
- Motivation: To accelerate ADAS and autonomous perception platforms.
5. Series C Extension
- Amount Raised: $23.8M
- Date: December 2018
- Lead Investors: Desjardins-Innovatech
- Motivation: To support continued automotive partnerships.
6. Grant Funding
- Amount Raised: $2.76M
- Date: March 2019
- Lead Investors: European Union
- Motivation: To advance automotive innovation programs.
7. Series D
- Amount Raised: $116M
- Date: February 2022
- Lead Investors: FS Investors
- Motivation: To scale raw data fusion software for production vehicles.
8. Conventional Debt
- Amount Raised: $24M
- Date: February 2022
- Lead Investors: Desjardins
- Motivation: To strengthen balance sheet and operational flexibility.
9. Series D Extension
- Amount Raised: $43M
- Date: June 2023
- Lead Investors: Invest Québec
- Motivation: To support long-term commercialization and OEM deployments.
Total Funding Raised: $299 Million
Current Valuation: $1.71 Billion (as of Oct 2021)
Latest Funding Date: June, 2023
Key Investors
1. FS Investors
- Details: A global investment firm focused on growth-stage technology and industrial innovation.
- Investment Focus Areas: Automotive technology, industrial software, advanced manufacturing.
- Notable Investments: LeddarTech, automation and mobility platforms.
2. OSRAM
- Details: A global leader in optical solutions and automotive lighting technologies.
- Investment Focus Areas: Automotive electronics, sensors, photonics.
- Notable Investments: LeddarTech, ams OSRAM mobility technologies.
3. BDC (Business Development Bank of Canada)
- Details: Canada’s development bank supporting high-growth technology companies.
- Investment Focus Areas: Technology innovation, manufacturing, scale-ups.
- Notable Investments: LeddarTech, Hopper, Clearco.
Where Is LeddarTech’s Headquarters?
LeddarTech is headquartered in Quebec City, Canada, serving as the company’s core center for R&D, automotive software engineering, and OEM collaboration.
What’s Next for LeddarTech?
LeddarTech is focused on expanding adoption of its sensor-agnostic perception software across passenger, commercial, and autonomous vehicle platforms. As automakers push toward higher levels of driving automation, the company is positioned to benefit from increasing demand for scalable, cost-effective perception systems.
Future growth is expected to come from deeper OEM partnerships, next-generation ADAS deployments, and broader global automotive integration.
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