PreAct Technologies, a Portland, Oregon-based company, has raised $20 million in a Series B funding round. The investment was led by I Squared Capital, with participation from State Farm Ventures and Luminate Capital.

The company is known for developing and selling software-definable flash LiDAR sensors that are affordable, compact, and designed to work in a variety of use cases. The sensors offer solutions in industries such as automotive, trucking, robotics, healthcare, agriculture, smart cities, and industrial applications.

PreAct's sensors consist of a TrueSense flash LiDAR (3D camera), edge processing, and communications to an external platform, such as a laptop or the company's cloud service. The company also provides a software development kit (SDK) that supports users in visualizing and working with the data in real time.

The SDK includes an AI development platform that has been optimized for the sensor's 3D output, enabling the development of AI algorithms with minimal training.

The SDK can control the sensor directly and serves as the gateway to the company's cloud service, providing a data structure supporting AI training and data mining. Visit us for more information about their latest funding round: https://founderlodge.com/round/PreAct-Technologies-raises-20000000-Series-B-2023-04-26-Paul-Drysch-MTI0NTc