Voyant raised the funding to bring its smaller, cheaper, more easily manufactured, yet still highly capable lidar to production.
Voyant raised $15M in a round led by UP Partners, with LDV Capital and Contour Ventures participation. The company plans to use the money to move toward production by putting its development kits in the hands of partners.
The tiny scale of its latest Lidar was made possible by the FMCW method, used more often in radar. A continuous beam of light encoded with identifiable data patterns and constantly adjusting its frequency, this approach avoids many issues with traditional lidar methods.
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The promising prototype was developed by co-founders Chris Phare and Steven Miller into a working and marketable product. CEO Peter Stern said they’ll be making about 200 units for partners in 2022 and will start taking commercial orders in 2023.
