AAA Occipital structures $13m series B

Occipital structures $13m series B

Occiptal, the US-based creator of a sensor for 3D scanning, closed a $13m series B round yesterday featuring Intel Capital, the corporate venturing unit of semiconductor maker Intel.

Shea Ventures, the corporate venturing arm of construction and property management firm JF Shea, also particpated in the round, as did investment firm Grishin Robotics and venture capital firm Foundry Group.

Occipital has developed an iPad camera that scans objects and people so they can be recreated virtually in 3D. The company’s Structure Sensor technology has applications in a range of sectors including architecture, visual effects and healthcare.

The funding will go towards further development of the technology.

Occipital raised $1.3m in a 2013 crowdfunding campaign to bring its technology to market, after Foundry Group led a $7m series A round for it in 2011 that also featured K9 Ventures and Willow Garage.

The company graduated from accelerator TechStars in 2008, and received $5,000 in seed funding as part of that programme.

Achin Bhowmik, vice president of Intel’s new technology group and general manager of its perceptual computing group, said: “Occipital’s work in 3D computer vision is an important building block for the future of interactive computing.

“Our investment underscores that as computing devices with 3D sensing proliferate, the importance of this technology will rapidly grow.”

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