TerraLoupe, a Munich, Germany-based computer vision startup, secured a seven-figure sum in its second round of financing.
Backers included Bayern Kapital and other investors.
The company intends to use the capital to expand its product platform and expand it internationally.
Founded in 2015 by Manuela Rasthofer, Christian Schaub and Sebastian Gerke, TerraLoupe leverages artificial intelligence to analyze aerial image data and allow the automated generation of digital map material and related environmental information.
The company develops neural networks to extract digital information from objects from ordinary aerial images. The technology allows data acquisition for sectors including Solar, Automotive and Risk Assessment.
TerraLoupe has a branch office in Berlin. DAX already counts among its customers companies from the automotive, insurance and energy sector.