3 years ago
Phlux Technology Secures £4 Million to Revolutionize Sensor Market with Antimony-Based LIDAR
Phlux Technology, a University of Sheffield spinout, has raised £4 million in seed funding led by Octopus Ventures
The company develops "single element" sensors for LIDAR, a technology used by autonomous vehicles
Phlux Technology aims to become the "Nvidia of the sensor market" by using antimony to create more sensitive and longer-range LIDAR sensors
The funding will be used to hire engineers and develop the sensor into a full toolkit
Phlux Technology's sensor technology has potential applications beyond LIDAR, including satellite communication, fiber telecoms, and quantum communications.
ProblemTechnology
"Current LIDAR sensors lack the sensitivity and range needed for widespread adoption in autonomous vehicles and other industries."
Solution
"Developing a novel LIDAR sensor chip based on antimony, a semi-metal element, to offer ten times greater sensitivity and 50% increased range compared to existing silicon-based sensors."