Scape Technologies raises $8M to let machines visually understand their surroundings

Jan 8, 2019 · techcrunch.com

Localization

Scape Technologies, a London-based computer vision startup, is de-cloaking today to announce that it has raised $8 million in seed fund and launching the first iteration of its "Visual Positioning Service," which lets developers build apps that require location accuracy far beyond the capabilities of GPS alone.

The technology will initially target augmented reality apps, but can also be used to power applications in mobility, logistics and robotics. More broadly, Scape wants to enable any machine equipped with a camera to understand its surroundings.

Backing the round is LocalGlobe, Mosaic Ventures, Fly Ventures, and company builder Entrepreneur First. Scape Technologies was a member of EF cohort 7, which pitched at EF’s London demo day almost two years ago. The startup has remained pretty stealthy ever since. Until now, that is.

"There is a huge amount hype in the AR space right now which is why we’ve been working for the last two years in stealth, taking our time to make sure our technology is accurate, robust and scalable," Scape Technologies co-founder and CEO Edward Miller tells TechCrunch. "We set out on a mission to build a new type of infrastructure, to allow computers to safely interpret and navigate the world, using only a camera. To make this possible, we’ve built what we refer to as our ‘Vision Engine’, which lies at the heart of everything we do at Scape".

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