Augmented Pixels closes $ 2 million funding, focuses on Indoor Navigation, Global 3D Mapping and Localization. The company creates a world where people can share and cooperate on the same earth scale map by using mobile phones, AR glasses and robots.
Augmented Pixels, Inc a Palo Alto, CA based developer of proprietary simultaneous localization and 3D mapping technologies, closed a $ 2 million funding round from current and new investors and completed the development of indoor navigation, earth-scale 3D mapping and cloud localization technologies. The company has raised a total of $ 7 million since 2015.
In 2019, despite a leading position in real-time SLAM in the robotics and AR/VR markets, Augmented Pixels decided to shift its development focus towards earth scale 3D mapping and localization on a cloud. This shift in strategy was undertaken to address the much larger $ 60 billion + global mapping market and has been met with increased interest from potential customers across a broad spectrum of industires.
Moreover, Augmented Pixels’ basic SLAM technology allows the company to create more accurate maps than competitors, as well as deliver a complete solution from SLAM to mapping on any platform.
A unique full technology stack allows the company to lead in the robotics and AR/VR markets. With the help of the CorpMap.AI product, Augmented Pixels will disrupt the current market of mapping solutions and also offer unique solutions that will significantly reduce the cost of operations in logistics, facility management and other markets
Vitaliy Goncharuk, CEO and Founder of Augmented Pixels
Augmented Pixels will use the funds to continue its innovative R&D efforst while also expanding with an executive team based in the United States.
About CorpMap.AI
CorpMap.AI is a part of Augmented Pixels. It’s a precise AR navigation and 3D mapping solution with AI analytics onboard for corporates, municipalities and countries.
About Augmented Pixels
Augmented Pixels (Palo Alto, CA, founded in 2013) is a technology company that develops a proprietary simultaneous localization and 3d mapping technology. It specializes in the field of augmented reality navigation and 3d mapping for mobile phones, drones and robots.
The company creates a world where people can share and cooperate on the same earth scale map by using mobile phones, AR glasses and robots. Proprietary technologies used: real-time mono SLAM, 3D mapping and AI cloud analytics. LG, Intel, Qualcomm and other Tier 1 companies were among clients and partners of Augmented Pixels.
Source: Augmented Pixels
