US-based visual intelligence technology developer Perceptin has disclosed a total of $11m in funding from Samsung Ventures, a corporate venturing subsidiary of electronics manufacturer Samsung.
Samsung Ventures invested $1m in the company, after it had raised $2m in seed funding and $8m in a series A round from investors including private equity firm Matrix Partners and venture capital firm Walden International, according to TechCrunch.
Perceptin disclosed the funding as it made Ironsides, a hardware and software-based robotics vision system facilitating the real-time tracking, mapping and path planning for autonomous robots, commercially available.
Zhe Zhang, PerceptIn’s co-founder and chief executive, said: “The number of robotized products has increased dramatically and as these products become more sophisticated, safety considerations and obstacle adjustment will be even more important.
“The commercial availability of Ironsides allows for production at scale, bringing the technology to the masses.”