RoboCV Secures $3M in Funding

robocvRoboCV, a Moscow, Russia-based developer of a range of autopilot vehicle products, secured $3m in new funding.

Backers included I2BF Global Ventures, VTB Capital Investment Management, LETA Capital, Columbus Nova, Almaz Capital.

The company intends to use the funds to develop existing “autopilot systems” for warehouses and a pre-series autopilot RoboCV X-MOTION, implement a full-scale complex robotics project in warehouses and production facilities for Samsung’s and Volkswagen’s Russian factories and other clients, equip several tens of warehouse machinery systems X-MOTION by the end of 2015, develop vehicle autopilot solutions with STILL GmbH, a supplier of intelligent control of intralogistics.
RoboCV and STILL have plans to get a line of preinstalled autopilot X-MOTION electric trucks which will be sold on the Russia and CIS countries markets at the end of 2015 and on the international market in 2016.

Founded in 2011 by Dmitry Smirnov, RoboCV is a developer of a range of vehicle autopilot products aimed at full driving automation of several types of vehicles, including warehouse vehicles, open pit mining trucks and vehicles in areas with restricted traffic. X-Motion is an “artificial intelligence” system for warehouse vehicles targeted at replacing the human driver. It “sees” the environment with its vision sensors, and mathematically builds a model of it, and makes decisions on the preferred route and obstacle avoidance maneuvers based on this model. X-Motion is plugged directly into the guidance system of the vehicle (the steering, acceleration and braking systems), and lets the vehicle move around fully autonomously.

The company is a resident of the Skolkovo Foundation.



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