AI image verification company Captur raises £2.2m
Summary
Other investors included the likes of operator angels, ex-Deliveroo, and enterprise AI investors Concept Ventures and Two Culture Capital, backers of ElevenLabs and Electric AI.It plans to use this investment to scale its technology offering across the logistics, transportation, and automotive sectors, with a mission to build visual AI automation into the logistics of every modern enterprise. Captur is already operating across Europe, with plans to launch in the US early next year.Captur was founded in 2020 by Charlotte Bax who was part of the Google for Startups Female Founder resident programme. Charlotte is a founder of the Deep Learning Computer Vision meetup group in London, which brings together data scientists, engineers, and practitioners all working on cutting edge applications in computer vision.Whilst working at an enterprise AI start-up, selling to Fortune 500 companies like Target and Macys, Charlotte experienced first-hand how difficult it was for companies to adopt AI. Its technology offers product owners easy-to-embed APIs and SDKs that act as a smart camera within their mobile apps and can do the AI compute in real-time.This helps companies to scale their logistics with confidence, proactively reducing support tickets and fraud while delivering a better user experience.Captur is currently being used in the delivery sector for drivers to map doorways and verify the correct address, reducing delivery to incorrect addresses and fraud by up to 40%, equivalent to almost \xa310m in annual cost savings for enterprises.The companys technology uses Edge AI, the implementation of artificial intelligence in an edge computing environment, which allows calculations to be completed nearby to where data is created, rather than an offsite data centre or a centralised cloud computing facility. This localised processing allows Capturs technology to make decisions using visual AI in under 3 seconds.Charlotte Bax, CEO, said: We are delighted to have received this new round of investment from Sure Valley Venture and our existing partners.
Funding
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