SLAMcore, a London, UK-based provider of a vision-based location and mapping for robots, autonomous machines and consumer electronics products, raised $16M in Series A funding.
The round was led by ROBO Global Ventures and Presidio Ventures with participation from Amadeus Capital Partners, Global Brain, IP Group, MMC, Octopus, Samsung Ventures, Toyota Ventures, and Yamato Holdings.
The company intends to use the funds to expand operations and its business reach to capitalize on its proven technology which combines AI with consumer-grade cameras, sensors and processors to solve the complex challenges of mapping and navigating for a wide range of autonomous machines and devices.
Led by CEO Owen Nicholson, SLAMcore uses deep learning to help robots, consumer products and drones identify physical space, objects and people around them in order to autonomously navigate the real world. Its algorithms allow robots from domestic vacuum cleaners to precision industrial autonomous vehicles to precisely map the physical environment around them and locate themselves accurately within those maps through what is known as Simultaneous Localization and Mapping (SLAM). The technology is also used by producers of VR and AR headsets that require mapping and location to accurately align virtual and physical worlds.
FinSMEs
13/05/2022