SLAMcore raises $16m to deliver low-cost, spatial understanding to real-life robots and the metaverse - London Tech News
Summary
We are excited to support the SLAMcore team and their rapid growth with capital and access to the ROBO Global network and expertise.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 in a safer and more efficient way. SLAMcores algorithms allow any designer to use a simple hardware set-up of two low-cost cameras and an inertial measurement unit (IMU) to deliver SLAM functionality out-of-the-box. As a result, many more designers are able to bring their autonomous solutions to market faster and more cost effectively.SLAMcore founder and CEO, Owen Nicholson, commented: For far too long, robots have not been able to navigate physical spaces with the level of accuracy and efficiency that we know is possible. We provide accurate, robust and commercially viable SLAM using affordable cameras and components that will benefit wide swathes of businesses and improve the user experience of consumer products.Our technology has already been proven in commercial pilots and proofs of concept with customers as diverse as Meta, which uses SLAMcore in its cutting-edge Bombyx robot, to Synaos which uses it to retrofit autonomous location and mapping capabilities to intralogistics vehicles. This funding will allow us to rapidly scale to meet the demand from consumer electronics, logistics, industrial and manufacturing sector clients all keen to deploy low-cost, high accuracy SLAM at commercial scale.Kuni Kawase, Managing Director of Presidio Ventures, commented on the firms investment in the company: SLAMcores technology can be deployed to add value and reduce time to market for robots in a wide range of sectors.