SLAMcore just raised $16 million to get the robot working – TechCrunch
The more we share the world 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 is a popular robotics acronym for “Concurrent localization and mapping”.
The company has developed technologies that can be deployed on a wide range of robotic systems, from vacuum cleaners to more advanced autonomous systems being deployed in warehouses across the United States. Its algorithms are used to help robots determine the space they are navigating. The company also cites an important buzzword – note that such systems can be applied to find your way around the metaverse.
Fittingly, SLAMcore notes that Meta has already started using some of its existing technology. In addition, the company also has a large amount of financial interest as the pandemic has accelerated the adoption of robotics and automation over the past few years. Today, it announced a $16 million Series A.
The round was led by ROBO Global Ventures and Presidio Ventures. Samsung Ventures, Toyota Ventures and Yamato Holdings also participated in the round, along with Amadeus Capital, Global Brain, IP Group, MMC and Octopus. This follows a $5 million seed round raised by the company before the pandemic broke out.
“For too long, robots have not been able to navigate physical space with the level of accuracy and efficiency we know is possible,” founder and CEO Owen Nicholson said in a statement. “As they become more popular for companies and consumers in the coming years, SLAMcore is determined to ensure that as many designers as possible have access to the algorithms needed to optimize products. their.”
The company said this round will go towards expanding its consumer product suite.