The Munich-based startup Toposens develops sensor systems and software that enable autonomous technologies to perceive and interact with their environment in three dimensions. The company has now completed a new round of financing.
The round is led by existing investor Alpana Ventures from Switzerland and joined by new investors Basinghall Partners from the UK and In-Q-Tel (IQT) based in the US. Toposens is one of IQT's first investments in Germany. The non-profit strategic investor focuses on technologies to protect and safeguard the national security of the US and its allies. The investment—the size of which was not disclosed—will the startup to further improve its sensor technology and software, build partnerships, and evaluate new use cases based on the technology. Tobias Bahnemann, CEO of Toposens, commented on the new financing round:
"We are proud to welcome our new investors, In-Q-Tel [IQT], one of the most renowned VCs in deep tech, and Basinghall Partners, a VC with a strong industry network and expertise. They are great partners to advance our company and technology, work on new projects, and further develop strategic partnerships. We are particularly pleased that our existing partner, Alpana Ventures, continues to believe in and support our vision."
“Toposens has unique technology”
"Toposens has a unique, German-developed technology for various industries and use cases. This type of sensor will fuel the future of intelligent and autonomous vehicles, robots, and IoT devices,"
says Alexander Fries by Alpana Ventures. The investor's investment model is to connect companies with Silicon Valley and Asia, while facilitating market access and support in solving growth challenges.
"We are thrilled to become an investment partner with Toposens at this exciting time. The team has developed world-class technology, and we look forward to contributing our experience and network, creating additional value, and making this unique technology available to our industry partners,"
so Andrew Irvine, Founding Partner of Basinghall Partners. The European venture fund focuses on European technology companies with a strong sector focus that considers the trends and needs of traditional industries.
