Estonian deeptech startup LightCode Photonics, which is building a lower-cost offering for navigation of autonomous cars, said it qualified to top 1% at this year’s ActInSpace global innovation contest after it raised pre-seed funding round from angel investors.
“We recognize LightCode Photonics for the breakthrough potential of their technology that can provide substantial improvements for autonomous cars powered by satellite navigation,” said ActInSpace jury, which comprised executives from European Space Agency and Airbus Defence & Space, among others.
The company is working on a compact prototype of its patent-pending software-defined 3D camera, which is set to be validated by companies like Cleveron and Milrem Robotics this summer.
LightCode Photonics recently closed a pre-seed investment round, led by VC funds United Angels VC and Superangel, including renowned angel investors, like Bolt co-founder Martin Villig, Estonia’s former CIO Taavi Kotka, Teleport co-founder Sten Tamkivi, and Ragnar Sass, co-founder of the fresh unicorn Pipedrive.
“It is obvious that robots must see the world they operate in. I’m very impressed with how LightCode solves this science fiction problem today, and for real. In a way, the software can be said to ‘eat’ the lasers.”investor Sten Tamkivi