SLAMcore Just Raised $16 Million To Help Robots Get Around

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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 is a common robotics abbreviation for Simultaneous Localization and Mapping.

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The company has developed technologies that can be used in a wide range of robotic systems, from vacuum cleaners to more advanced autonomous systems deployed in warehouses across the US. Its algorithms help robots identify the space in which they move. The firm also provides a key buzzword, noting that such systems can be used to find a path in the metaverse.

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Accordingly, SLAMcore notes that Meta has already started using some of its existing technologies. The firm has also shown significant financial interest as the pandemic has drastically accelerated the adoption of robotics and automation over the past couple of years. Today he announces the $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, as did Amadeus Capital, Global Brain, IP Group, MMC and Octopus. This follows a $5 million seed round raised by the company at the start of the pandemic.

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“For too long, robots have been unable to move through physical space with the level of precision and efficiency we know is possible,” founder and CEO Owen Nicholson said in a press release. “As they become more accessible to both companies and consumers in the coming years, SLAMcore is committed to ensuring that as many designers as possible have access to the algorithms they need to optimize their products.”

The firm says this round will go towards expanding its consumer-grade offerings.


Credit: techcrunch.com /

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