SLAMcore just raised $16M to help robots get around
The more of our world we share with robots, the more important it is to help them find their way. Founded in 2016, navigation is at the heart of what London-based SLAMcore does. In fact, it’s right there in the name — SLAM being a common robotics acronym for “Simultaneous localization and mapping.”
The company has developed technologies that can be deployed on a wide range of robotics systems, from vacuums to the more advanced autonomous systems being deployed in warehouses across the U.S. Its algorithms are used to help robots identify the space they’re navigating. The firm also cites a key buzzword — noting that such systems can be applied for finding one’s way around the metaverse.
Fittingly, SLAMcore notes that Meta has already begun to use some of its existing technolgoies. There’s also been a fair amount of financial interest in the firm, as the pandemic has radically accelerated the adoption of robotics and automation over the last couple of years. Today it’s announcing a $16 million Series A.
The round was led by ROBO Global Ventures and Presidio Ventures. Samsung Ventures, Toyota Ventures and Yamato Holdings also joined the round, along with Amadeus Capital, Global Brain, IP Group, MMC and Octopus. This follows a $5 million seed round raised by the company toward the outset of the pandemic.
“For far too long, robots have not been able to navigate physical spaces with the level of accuracy and efficiency that we know is possible,” founder and CEO Owen Nicholson said in a release. “As they become more available to companies and consumers alike in years to come, SLAMcore is determined to ensure that as many designers as possible have access to the algorithms needed to optimize their products.”
The firm says the round will go toward expanding its consumer-grade suite of offerings.
SLAMcore Limited seems to be a fascinating startup with motivating advancement on research services platform. I’m sure this startup would continue to flourish in its journey ahead. All the very best to the entire group on SLAMcore Limited. This will give them tremendous accomplishments in the future.Shishir Gupta, Founder and CEO, StartupLanes
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.