# Sense Photonics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sense-photonics

- Industry: Electronics
- Headquarters: San Francisco, US
- Website: www.sensephotonics.com
- Total disclosed funding: $29M
- Latest round: Series A (Jun 11, 2019)
- Investors on record: 11

## About

Sense Photonics, Inc. develops advanced 3D sensing technology, primarily through its innovative Sense 3D LiDAR system, enhancing safety and efficiency across various industries, including automotive and robotics.Founded in 2016 in San Francisco, US, Sense Photonics, Inc. specializes in 3D sensing technology. The company was co-founded by Scott Burroughs and has secured a total of USD 26.00 mn through 8 funding deals, with the latest round being an Add-on Trade Sale led by Ouster, Inc. for USD 68.00 mn.Sense Photonics specializes in advanced 3D sensing technology, primarily through its flagship product, the Sense 3D LiDAR system. This solution utilizes innovative laser technology and high-speed data processing to deliver real-time, high-resolution imaging for applications in autonomous vehicles, robotics, and industrial automation. The company serves a diverse clientele including automotive manufacturers, robotics firms, and logistics companies, focusing on enhancing safety and operational capabilities. Their products are marketed in North America and Europe, catering to the rising demand for sophisticated sensing solutions in urban environments critical for autonomous navigation.Sense Photonics operates a revenue model primarily based on direct sales to B2B clients in the automotive and industrial sectors. Clients engage through structured partnerships that include licensing agreements and bulk purchasing options for the Sense 3D LiDAR systems. The pricing structure accommodates various purchasing needs, ensuring scalability for both large manufacturers and smaller enterprises. Regular transactions typically involve contractual arrangements that promote long-term relationships, securing a consistent revenue stream as clients integrate this technology into their operations.Looking ahead, Sense Photonics plans to expand its product line and is actively designing new sensing products for release in the upcoming year. It is also targeting expansion into additional markets, specifically aiming to penetrate Asian regions by 2025. Recent funding from Petronas Ventures will be utilized to support these strategic initiatives, bolstering both product development and market entry efforts.

## Funding rounds

- Series A, Jun 11, 2019, $26M — Samsung Venture Investment, Acadia Woods Partners, Shell Ventures, Prelude Ventures, Alumni Ventures Group, Hemi Ventures, Congruent Ventures, IPD Capital
- Seed, Dec 14, 2017 — Nimble Ventures
- Seed, Aug 22, 2017, $2.8M — Social Capital, AAF Management

## Investors

- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- AAF Management (https://capitalatlas.ai/funds/aaf-management) — Seed
- Nimble Ventures (https://capitalatlas.ai/funds/nimble-ventures) — Seed
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series A
- Acadia Woods Partners (https://capitalatlas.ai/funds/acadia-woods-partners) — Series A
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series A
- Prelude Ventures — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Hemi Ventures (https://capitalatlas.ai/funds/hemi-ventures) — Series A
- Congruent Ventures (https://capitalatlas.ai/funds/congruent-ventures) — Series A
- IPD Capital (https://capitalatlas.ai/funds/ipd-capital) — Series A