September 2017 fundings, acquisitions and IPOs

LeddarTech, the Canadian developer of sensors and LiDAR distancing systems for ADAS and other mobile systems, raised $101 million in a Series C funding led by Osram with participation by Delphi, Magneti Marelli, Integrated Device Technology, Fonds de solidarité FTQ, BDC Capital and GO Capital. This round of funding will allow LeddarTech to enhance its ASIC development efforts, expand its R&D team, and accelerate ongoing LiDAR development programs with select Tier-1 automotive customers for rapid market deployment. Innoviz Technologies, the Israeli solid-state LiDAR startup, raised $65 million in a Series B funding. Delphi Automotive PLC and Magna International participated in the round, along with additional new investors including 360 Capital Partners, Glory Ventures, Naver and others. All Series A investors also participated in the round.