The round was led by I Squared Capital. Additional participation in this round included State Farm Ventures®, Luminate, and Traylor Capital among other new and existing investors.

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.