LeddarTech is a Canadian company offering environmental sensing and perception solutions for advanced driving assistance systems (ADAS) and autonomous driving solutions. The company’s main product offering “LeddarVision,” includes four scalable raw-data sensor fusion and perception platforms for Level 2/2+ ADAS applications (i.e., Level 2 refers to vehicles that can control both the speed and the steering, but the driver must maintain full vigilance). LeddarTech also offered LiDAR hardware components for LiDAR manufacturers, system integrators, and Tier 1–2 suppliers. However, in November 2022, the company announced plans to move away from its LiDAR hardware component business and focus on software development going forward. As of February 2024, LedderTech had 150+ patents (granted or applied).
LeddarTech acquired VayaVision (sensor fusion and perception software company) in July 2020 and Phantom Intelligence (signal processing and LiDAR technology company) in September 2020 to complement its operations.
Key customers and partnerships
The company has partnerships with technology companies such as Renesas Electronics, STMicroelectronics, Flex, dSPACE, Ningbo Sunny Optical, Black Sesame Technologies, Arm Technologies, and Immervision for the joint development and delivery of LiDAR solutions.
Funding and financials
The company generated revenue of USD 7.4 million and an operating loss of USD 52.5 million in 2023 (year ending December 2023).
In December 2023 , LeddarTech became a publicly traded company via a merger with Prospector Capital Corp, a special purpose acquisition company (SPAC) at a pro-forma equity value of USD 348 million. The company secured a total of USD 58.6 million in gross proceeds including a USD 44 million convertible PIPE (Private Investment in Public Equity) and USD 14.6 million from the SPAC trust. The funds will be utilized to foster the adoption and expansion of LeddarTech's technology.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.