Welcome: Guest | Site Use Options | Register | Login |

ZEISS Completes Venture Investment in Advanced LiDAR Company Bridger Photonics

Awardee Story ZEISS Completes Venture Investment in Advanced LiDAR Company Bridger Photonics
Date: Dec 20, 2018

( click here to go to the source)

OBERKOCHEN/Germany, BOZEMAN/Montana/USA, 2018-12-20.

Bridger Photonics, Inc., a Montana-based company founded in 2006, providing precision LiDAR solutions to enable new capabilities and improved efficiency for industrial sensor applications, has closed its Series A funding round in November 2018. The internationally leading technology enterprise in the fields of optics and optoelectronics, ZEISS, is the sole minority investor of the round.

The purpose of the investment is to enable Bridger to develop and commercialize a broadened set of addressable applications for its leading FMCW (Frequency Modulated Continuous Wave) LiDAR technology: "We are thrilled to join forces with Zeiss. The investment by ZEISS enables us to pursue targeted business development for our core markets such as Industrial Metrology and aerial surveillance for Oil & Gas, and Energy Infrastructure. Leveraging the broader assets and network of the ZEISS Group, we will also explore additional applications in advanced sensing and quality control", says Pete Roos, President and CEO of Bridger Photonics, Inc.

In going beyond conventional LiDAR technology, the FMCW approach has the ability to measure not only distances to objects in the plus 100-meter range with high precision and low power, but also relative velocities. Reliable generation and software processing of these kinds of 3D maps of sensor data are believed to be key enablers for a variety of mapping and navigation tasks in the industrial domain.

For ZEISS the investment is a further part of its venture strategy to promote market-shaping business models with innovative partners, especially in the areas of digital twins and simulations. Philipp Strack, Head of ZEISS Ventures, explains: "We are very excited to support Bridger's journey. We believe now is a good time for Bridger Photonics and the entire team to seize the opportunity for growth, as many complementary technology building blocks, such as Nanostructured Optics and Machine Learning, are now achieving maturity and adoption in the market".
For further information, please visit: www.zeiss.com/ventures


News Bureau

Your OPPORTUNITY to upload into this extensively used SBIR-STTR Tracking system

  • Published articles about YOUR SBIR-involved firm
  • Press releases for pick-up by other sources
  • Professional papers; White papers; relevant Business materials

It is a rare issue of the major Business Press - WSJ; New York Times; Washington Post - and regional equivalents; magazines of similar importance - The Economist, Fortune, Forbes etc - and now a wealth of electronic communications and daily news feeds that does not include reference to, or articles about, one/more SBIR-STTR Awardees. With the focus usually on what the firm is about - their technical achievement or business emphasis - it is an unusual coverage that even mentions their SBIR involvement. An integral part of the extensive range of data we continuously assembled in our system on all SBIR-STTR involved firms includes this type of press coverage.  Much that we gather includes firms no longer SBIR involved or still in business, nor now eligible. ...more

Contact information

Innovation Development Institute, LLC

   45 Beach Bluff Avenue, Suite 300
     Swampscott,  MA 01907-1542

  Tel:  (781) 595-2920

  support@inknowvation.com