FinTechFunding

PreAct Technologies: Raises $14M in Series B Funding

PreAct Technologies Raises $14M in Series B Funding

  • PreAct Technologies, a Portland, OR-based developer of near-field software-definable flash LiDAR technology, raised $14M in Series B funding
  • The round was led by I Squared Capital, with participation from State Farm Ventures, Luminate, and Traylor Capital
  • The company intends to use the funds to grow across multiple industries including agriculture, healthcare, and robotics
  • The company is a provider of 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
  • The company also has offices in Ashburn, Virginia, Rochester, NY and Barcelona Spain
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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