“The idea is to make Lidar more widely accessible and to establish it in as many sectors as possible”
OUTSIGHT RAISES 22 MILLION EUROS TO EXPAND THE APPLICATIONS OF LIDAR
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Outsight is making a name for itself with its software for analysing LiDAR data (Light Detection and Ranging, a sensor that detects the environment in 3D). Used in particular to process massive amounts of 3D data from smart vehicles, or to monitor passenger flow in airports, Outsight’s 3D LiDAR is no longer intended solely for autonomous vehicles, and is now used across a range of sectors… These include security, logistics and aviation.
The company highlights three markets for its software: infrastructure (tracking people in airports or shopping centres, and smart cities to understand traffic and interactions between users); vehicles (autonomous vehicles, but also construction and material-handling equipment to enhance safety); and industry, to improve personal safety, prevent collisions, or even for applications involving volume measurement to assess the value of stock in warehouses or mines.
“Our role as a software developer is to transform data from 3D sensors into information that can be used across a whole range of applications,” explains Raul Bravo, co-founder and chairman of Outsight. “The idea is to make Lidar more widely accessible and to establish it in as many sectors as possible.”
On 20 October 2022, Outsight announced that it had raised nearly 22 million euros from Energy Innovation Capital (EIC), the Defence Innovation Fund managed by Bpifrance, BNP Paribas, SPDG, Groupe ADP, Demeter, Safran and Faurecia. This investment by the Defence Innovation Fund highlights the Ministry of Defence’s growing interest in this type of technology. This solution makes Outsight a pioneer and a market leader.
With offices in Paris, Sofia Antipolis and San Francisco, Outsight now has more than 80 employees. The start-up boasts dozens of clients, including ADP, Stellantis, ECA Robotics and Dunakontroll. It is raising these funds to continue its development and attract a growing number of clients.
Legal advisers: Thomas SALTIEL, Camille MALBEZIN and Rudy DIAMANT.
