Akasha Imaging, a Palo Alto, Calif.-based deep imaging technology company, closed a $10.75m Series A financing.
The round was led by Khosla Ventures, joined by Sierra Ventures and Orbital Ventures.
The company intends to use the funds to grow through new hires, as well as support go-to-market activities as it commercializes a proprietary AI-based technology that improves robotic vision in manufacturing.
Akasha Imaging is a deep imaging company combining computational imaging and deep learning to deliver high-resolution 3D images. The deep imaging technology is being applied in manufacturing, supply chain and logistics markets to improve robotic vision to automate more tasks. By enabling robots to handle precision work efficiently and accurately, Akasha’s deep imaging solution can improve worker safety, reduce fatigue, and deliver better quality products with fewer errors and less assembly line downtime.
The company’s founding team includes Chief Scientist and Co-Founder Achuta Kadambi, Ph.D., who has done extensive work developing the technology that came out of the Massachusetts Institute of Technology (MIT) Media Lab. Kadambi is currently an Assistant Professor at UCLA and was named to the 2019 Forbes 30 Under 30 in Science list. Founding Scientist Ramesh Raskar, Ph.D., is an MIT professor and serial entrepreneur who previously worked at Google X and Facebook. Rounding out the founding team is CEO Kartik Venkataraman, Ph.D., who was the CTO and founder of Pelican Imaging (acquired by Xperi) and holds more than 100 imaging patents.
FinSMEs
09/12/2020