Led by I Squared Capital, PreAct raised a total of $20 million in the series B with participation from previous investors State Farm Ventures®, Luminate, and Traylor Capital among other new and existing investors. In addition, the company has established its new European headquarters in Barcelona, Spain.

PreAct Technologies is the market leader in near-field software-definable flash LiDAR technology. Its patent-pending suite of sensor technologies provide high resolution, affordable LiDAR solutions to a wide range of industries including automotive, healthcare, ITS, industrial, consumer electronics, robotics and trucking. The firm is headquartered in Portland, Oregon, with offices in Ashburn, Virginia, Rochester, NY and Barcelona Spain.