30 April 2021

Finindus invests in solid state lidar company XenomatiX

Zelzate, Belgium – April 30, 2021 – XenomatiX, a Leuven (Belgium) based provider of true solid state lidars for advanced driver-assisted systems (ADAS), autonomous driving (AD) and road digitization has received additional funding from Finindus, extending its investment round of March 2021.

Alain Brackenier, CFO of XenomatiX comments ‘it is a pleasure to welcome Finindus, a Flemish investor with a strong industrial DNA, to the XenomatiX family. They are a great addition to our solid shareholder base.’

‘Xenomatix has impressed us from day one. Not only the exceptional quality of the team, the strength of the technology, supported by a solid patent portfolio, but in particular the well thought out value proposition for the markets they operate in’, says Hans Maenhout, Investment Director at Finindus. ‘This company sets the right priorities: cost, reliability and compact design, reflected in a world class design for manufacturing approach.’

‘The lidar market is maturing, it’s becoming clear which technologies and companies will make it to mass production. There are fewer lidar companies than some years ago.  We are proud XenomatiX is among the ones that succeed in attracting new strategic business partners and investors.’ says Filip Geuens, CEO of XenomatiX. 

Last week XenomatiX launched  its new, more advanced and even more accurate product range, adding to its existing portfolio of true solid state lidars for automotive and industrial applications. 

The new investment will further support XenomatiX’ product roll out as well as its road measuring and digitalization applications, known as ‘6D Road Scanning’. This data driven business activity makes use of the company’s solid state Lidar technology to digitize and characterize roads. Proprietary algorithms reveal the road quality, the need for maintenance and the precise location of any road defects. 

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About XenomatiX

 

XenomatiX is the first company to offer true solid state lidar solutions for advanced driver assistance systems (ADAS), autonomous driving (AD) and road digitization.  XenomatiX designs and builds products and software that enable precise real-time 4D-6D digitization and an understanding of a vehicle’s surroundings, empowering applications that lead to safer and more comfortable vehicles. 

XenomatiX provides customized series production lidar modules, called X-Module for ADAS and AD.  6D Road Scanning offers road survey equipment, services, and road quality analysis tools. The company’s true solid state lidar provide unequalled object detection and tracking, free space detection, road profile measurement and localization capabilities, based on reliable mature technology components. XenomatiX’ partnership with Tier 1 suppliers and automotive companies include, amongst others Marelli, AGC, Siemens, Imec, Septentrio, Cosworth, TOYO, JAT and Shanghai ZK. 

 

About Finindus

 

Finindus is a Belgium based investment company funded by ArcelorMittal and the Flemish Region and is linked to OCAS, a world class metal research centre with campuses in Zelzate and Zwijnaarde (Belgium).

Finindus provides early stage and growth financing (both equity and debt) to innovative technology companies active in the field of materials (including material processing), sustainable manufacturing and industry 4.0. Finindus invests across Europe, with Flanders as a home base and sweet spot, and across the globe for investment opportunities in technology at the centre of our core domains and in line with the strategic interests and areas of expertise of our shareholders