Seoul Robotics Secures $25 Million in Series B Funding to Advance Autonomous Mobility
Summary
Company will leverage fresh capital to transform the logistics industry through novel approach to autonomous driving[Irvine, CA and Seoul, Republic of Korea] September 22, 2022 , the company powering the future of autonomy through smart infrastructure, today announced approximately $25M Series B funding, led by .Seoul Robotics was founded in 2017 to provide the mobility industry with the most advanced computer vision for 3D sensors and pioneer a new approach to automating vehicles called Autonomy Through Infrastructure (ATI). "Seoul Robotics proprietary ATI solution, Level 5 Control Tower ( ), consists of a mesh network of sensors and computers that are installed on infrastructure and uses V2X communication to turn non-autonomous cars into self-driving vehicles. LV5 CTRL TWR is powered by Seoul Robotics core technology, SENSR, an industry-leading, patented 3D perception software using deep learning and weather-filtering capabilities to provide high-resolution environmental insights. "Every organization is looking for ways to bring value and efficiency to driver operations, and the need for autonomous solutions is especially urgent given recent labor shortages in the logistics industry," said JunSeok Lee, Director at KB Investment. Seoul Robotics provides autonomous driving systems for various applications within the logistics industry, leveraging its proprietary 3D perception technology, SENSR, which offers unrivaled accuracy, efficiency, and safety.