SLAMcore Raises $16M in Sequence A Funding


SLAMcore, a London, UK-based supplier of a vision-based location and mapping for robots, autonomous machines and client electronics merchandise, raised $16M in Sequence A funding. The spherical was led by ROBO International Ventures and Presidio Ventures with participation from Amadeus Capital Companions, International Mind, IP Group, MMC, Octopus, Samsung Ventures, Toyota Ventures, and Yamato Holdings. The corporate intends to make use of the funds to increase operations and its enterprise attain to capitalize on its confirmed know-how which mixes AI with consumer-grade cameras, sensors and processors to unravel the complicated challenges of mapping and navigating a variety of autonomous machines and units. Led by CEO Owen Nicholson, SLAMcore makes use of deep studying to assist robots, client merchandise and drones determine bodily house, objects and other people round them to be able to autonomously navigate the actual world. Its algorithms enable robots from home vacuum cleaners to precision industrial autonomous automobiles to exactly map the bodily setting round them and find themselves precisely inside these maps by way of what is called Simultaneous Localization and Mapping (SLAM). The know-how can also be utilized by producers of VR and AR headsets that require mapping and site to precisely align digital and bodily worlds.



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