Machines With Vision secures £2.6m investment led by Par Equity
Summary
The innovation underpinning the technology developed by Machines With Vision is the creation of a visual map of the ground surface captured by sensors installed on the underside of transport vehicles such as trains. Combining an Internet of Things (IoT)-enabled positioning sensor with a cloud-based processing platform and application programming interface (API), results in high quality geo-spatial data. Old College Capital, the University of Edinburgh’s in-house venture investment fund, former Skyscanner CEO and co-founder Gareth Williams, and Par Equity, one of the company’s commercial team, are also participating in the round. Transport accounts for almost a quarter of global CO2 emissions, so moving travel by air and road to railways is essential for sustainability” Aidan MacMillan, senior investment manager, Par Equity, added: “The fact that two of Europe’s largest railway infrastructure players are already using the technology developed by Machines With Vision gives you an idea of how far Anthony and his team have already progressed, and we are really pleased to be supporting the company through its next phase of growth and the commercial opportunities opening up for the business.” Machines With Vision’s technology can geo-locate infrastructure measurement data with better than 10cm accuracy rates, across the entirety of a railway network, including the areas where Global Navigation Satellite System (GNSS) signals are poor or unavailable. The company calls this new capability Mobile Sensor Data Mapping and it has applications beyond railways.