German AI startup Artisense has announced a €4 million funding round from Project A, Vito Ventures, and Holidu cofounder Chris Hitchen.
The startup has developed algorithms for real-time 3D mapping of images. The tech can be applied to autonomous cars and robotics to help them to better understand their surroundings. The new funds will be invested in improving the algorithm, forging industry partners in automotive and robotics, and expanding its offices in Munich, Palo Alto, and Tokyo.
“We see Europe increasingly becoming one of the hubs for DeepTech startups. A unique ecosystem has been established that combines innovation, research, and entrepreneurship with huge markets,” said Thomas Oehl, managing partner at Vito Ventures. “Artisense's technology has the potential to become a pioneer in dynamic 3D mapping and thus the basis for autonomous machine movements.”
As well as the investment, the startup has announced the appointment of Dr Prof Daniel Cremers as chief scientific officer. Cremers is the chair of the Computer Vision and Pattern Recognition at Technical University of Munich and a previous winner of the Leibniz Award for scientists in Germany.