Ubicept raises $8M to continue developing advanced imaging system | WisBusiness
Summary
Ubicept, a Boston tech company based on research done at UW-Madison and MIT, recently closed on a $8 million investment round that included WARF.The startup says its redefining boundaries in the field of computer vision by developing a perception system and image processing algorithms that use imaging sensors in a new way.According to a release, this system can operate in extreme lighting conditions and capture sharp images of objects moving at high speeds, among other capabilities.Sebastian Bauer, company co-founder and CEO, calls the seed funding round a major milestone for the business. He launched it in 2021 after spending time at UW-Madison as a postdoctoral research associate.This funding will allow us to accelerate our efforts to transform the way computers see and understand the world, especially in challenging environments, Bauer said in a statement.A video at the companys website demonstrates how its technology can capture complex images moving quickly past imaging sensors in low-light conditions, without blurring or distorting the images. It can also construct three-dimensional models of what it records for later analysis.Aside from the Wisconsin Alumni Research Foundation, the investment round also included Californias Ubiquity Ventures, MIT Media Labs E14 Fund, Phoenix Venture Partners in California, and several other investors.In a statement on the funding round, WARF Licensing Manager Michael Carey said Ubicepts technology has tremendous safety implications that positively impact people every day.See more at Madison Startups: https://www.madisonstartups.com/warf-invests-in-ubicept/