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Voyant Photonics, a company that fabricates sophisticated optical systems optimized for FMCW LiDAR using low-cost semiconductor chips, announced that it raised $15.4M in Series A led by UP.Partners with participation of earlier investors LDV Capital and Contour Ventures.

Voyant's LiDAR system, containing thousands of optical components fabricated on a single semiconductor chip, enables its customers to integrate an effective and exponentially more scalable LiDAR system than possible to date. LiDAR is a key technology to enable 3D vision across many industries including transportation, robotics, industrial automation, and consumer electronics. Voyant developer kits are now available for select customers on its waiting list.

Previously, LiDAR systems were fabricated using discrete mechanical and optical components, resulting in large and expensive solutions. Voyant Photonics' solution radically reduces the size and manufacturing complexity of LiDAR. Voyant's LiDAR chips pave the way for large-scale adoption of 3D sensing in the same way that CMOS image sensors enabled the accelerated growth of digital photography.

Voyant leverages commercially available and scalable semiconductor fabrication processes that combine thousands of optical and electrical components onto a single chip. This enables Voyant to mass-produce a LiDAR system similar to how computer chips are made. This groundbreaking technology will make Voyant LiDAR a ubiquitous technology for machine perception.

Co-founders Chris Phare and Steven Miller had been working on LiDAR chips for years at Columbia University's Lipson Nanophotonics Group when they decided to commercialize their technology and launched Voyant Photonics.

Miller and Phare's unique insight were to apply the silicon photonics technology used for optical data communications, the same technology that has made high-performance data center fiber optics affordable. Chris Phare mentioned that when someone fabricates a LiDAR system on a chip, the fabrication cost stays the same regardless of how many components one use. They will soon be selling LiDAR systems for a few hundred dollars and longer-term will sell them for less than a hundred dollars at scale.

Voyant Photonics' devices demonstrate a complete LiDAR system in a field-deployable package, using Voyant's patented techniques for on-chip digital beam steering, optical signal processing, and laser control.

Steven Miller stated that when they started on their mission to make LiDAR a ubiquitous technology for machine perception, a lot of people said silicon photonics was not ready to leave the lab. Their successful first milestones prove that they can build a complete LiDAR solution that meets industrial needs, using silicon photonics, and deploy it anywhere.

Chris Phare further said that now that they can make LiDAR systems on semiconductor chips, they can make them better and less expensive with every development cycle, similar to Moore's Law for computer chips. While the excellent performance of their first LiDAR chips surprised even them, this is just the beginning. Just like with computer chips and camera sensors, every design iteration will get better.

Ben Marcus, Managing Partner of UP.Partners stated that Ubiquitous 3D vision is critical to enabling the transformation of the world of transportation and beyond. They are honored to partner with the Voyant team who is the leading innovator in the field. Their solution will leapfrog all competitors and deliver a scalable solution to enable 3D vision.

Peter Stern is a serial entrepreneur who has a background in creating military-grade LiDAR. He started as an advisor to Voyant and recently became CEO. He stated that he feels excited about the progress they have made. Their team has accomplished so much, and now they are delivering the first LiDAR systems of their type powered by an integrated photonic chip. Their diverse customers in robotics, AGVs, mobility, industrial automation, and security all have one thing in common - they are building solutions that need to understand the world around them. That is what their LiDAR systems provide.