The more we share our 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, that’s right there in the name – SLAM is a common acronym for “both localization and mapping” robotics.
The company has developed technologies that can be implemented in a wide range of robotic systems, from vacuum to more advanced autonomous systems, which are located in warehouses in the United States. Its algorithms are used to help robots identify the space in which they move. The company also cites a key fashion word – noting that such systems can be applied to find a way into the metaverse.
Accordingly, SLAMcore notes that Meta has already started using some of its existing technologies. There was also a lot of financial interest in the company, as the pandemic radically accelerated the adoption of robotics and automation in the last few years. Today, it announces the $ 16 million A-Series.
The round was led by ROBO Global Ventures and Presidio Ventures. Samsung Ventures, Toyota Ventures and Yamato Holdings also joined the circle, along with Amadeus Capital, Global Brain, IP Group, MMC and Octopus. This is after an initial round of $ 5 million raised by the company at the start of the pandemic.
“For too long, robots have not been able to move in 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 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 needed to optimize their products.”
The company says the circle will focus on expanding its range of consumer class offerings.