Slamcore Raised $16 Million to Scale its AI-Powered Services
Colin Smith — May 4, 2022 — Business
References: slamcore & venturebeat
'Slamcore' is a United Kingdom-based spatial intelligence company with a highly effective proprietary solution for machine navigation. Its navigation solutions focus on situational and spatial awareness for machines. Through the use of artificial intelligence (AI)-powered localization, as well as a set of advanced AI algorithms, Slamcore solves three main problems for machine navigation.
Many consumer robots use simple forms of navigation such as cameras, proximity sensors, or even hit detectors. Slamcore believes many of these solutions are insufficient when compared to its service. Slamcore provides machines with the means of knowing where the machine is, what surrounds the machine, and where the machine is in regards to its surroundings. This allows robots or machines to nimble navigate more cluttered environments through the power of AI.
In a Series A round of funding, Slamcore raised $16 million USD to scale its production and meet the demand of its services from potential and existing partners.
Image Credit: Slamcore
Many consumer robots use simple forms of navigation such as cameras, proximity sensors, or even hit detectors. Slamcore believes many of these solutions are insufficient when compared to its service. Slamcore provides machines with the means of knowing where the machine is, what surrounds the machine, and where the machine is in regards to its surroundings. This allows robots or machines to nimble navigate more cluttered environments through the power of AI.
In a Series A round of funding, Slamcore raised $16 million USD to scale its production and meet the demand of its services from potential and existing partners.
Image Credit: Slamcore
Trend Themes
1. AI-powered Navigation - The trend of AI-Powered navigation solutions is disrupting traditional navigation methods by providing situational and spatial awareness for machines.
2. Advanced Robotics - The trend of advanced robotics is disrupting industries that rely on simple forms of navigation, such as cameras, proximity sensors, or hit detectors.
3. Proprietary Solutions - The trend of proprietary solutions in spatial intelligence is disrupting the standardization of navigation solutions in the market.
Industry Implications
1. Robotics - Robotics industry can leverage Slamcore's AI-powered solutions to develop better-performing, more reliable robots for diverse applications.
2. Autonomous Vehicles - Autonomous vehicles industry can adopt Slamcore's proprietary solutions to enable navigation in cluttered environments, improving performance and safety.
3. Logistics and Warehousing - The logistics and warehousing industry can integrate Slamcore's AI-powered technology to streamline warehouse automation, inventory management, and order fulfilment processes.
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