The Munich-based startup Artisense receives 4.1 million euros in seed investment from Munich-based venture capital firm Vito Ventures, Berlin-based VC Project A and business angel Chris Hitchen.
Artisense is developing an AI-powered machine vision solution. This solution will enable autonomous vehicles and robots to create dynamic 3D maps from ordinary video images in real time. Any commercially available camera will be used as a sensor. Artisense plans to use the capital to further develop its software and expand its teams at its locations in Munich, Palo Alto, and Tokyo.
This is how Daniel Cremers, Professor at the Institute for Image Processing and Pattern Recognition at the Technical University of Munich and Leibniz Prize winner, joined Artisense's three-person management team as Chief Scientific Officer. He says:
“For all types of self-driving vehicles, whether cars, delivery robots, or logistics vehicles, dynamic 3D maps, which require high-precision localization for safe navigation, will become indispensable in the future.”
By closely linking the latest research and practice, the startup can already offer the most accurate and robust technology solution.
Basis for autonomous movements of machines
Thomas Oehl, Managing Partner at Vito Ventures, says:
"We see Europe increasingly becoming one of the hubs for deep tech startups. A unique ecosystem has emerged that combines innovation, research, and entrepreneurship with vast sales markets.
Artisense has the potential to become a pioneer in dynamic 3D mapping with its technology, thus laying the foundation for autonomous machine movements. Uwe Horstmann, partner at co-investor Project A, says:
"Artisense has a very strong team that impressed us not only with its expertise and deep knowledge, but also with its innovative and future-oriented business model. We are excited to take the next step together."