SLAMcore, a London, UK-based company developing spatial AI algorithms for robots and drones, secured $5m in funding.
The round was led by Octopus Ventures and MMC Ventures, with participation from Amadeus Capital Partners and Toyota AI Ventures.
The company intends to use the funds to speed up the availability of its solutions, including its recently announced SDK product, a toolkit that gives developers everything they need to build, test and deploy solutions using SLAMcore algorithms and low-cost, easily available off-the-shelf sensors.
Led by Owen Nicholson, CEO, SLAMcore provides the tools developers need to give their robots state-of-the-art spatial intelligence, including the ability to accurately calculate their position, understand unfamiliar surroundings, and navigate with reliability. The company offers Spatial AI solutions designed to integrate into existing platforms, allowing robotics companies to concentrate on delivering value to the end customer.
The pandemic has increased interest in robots, drones, and artificial intelligence, as these technologies can help deal with staff shortages and social distancing rules in healthcare, manufacturing and supply chains.