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 exactly in the name – SLAM is a commonly used robotics acronym for “Simultaneous Localization and Mapping.”
The company has developed technologies that can be deployed on a wide variety of robotic systems, from vacuum cleaners to the more advanced autonomous systems deployed in warehouses across the US. The algorithms are used to help robots identify the space they navigate. The company also cites an important buzzword — noting that such systems can be applied to navigate the metavers.
Fittingly, SLAMcore notes that Meta has already started using some of its existing technologies. There was also quite a bit of financial interest in the company as the pandemic has radically accelerated the adoption of robotics and automation in recent years. Today it announces a Series A of $16 million.
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 by the start of the pandemic.
“For far too long, robots have not been able to navigate physical spaces with the level of accuracy and efficiency we know is possible,” founder and CEO Owen Nicholson said in a release. “As they become more available to both businesses 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 it will go around expanding its consumer-grade offerings.