Outsight raises its first seed round of $20 million
French startup Outsight announced it has raised $20 million in seed funding, reportedly the largest seed funding in Europe during 2019 tied with Nivaura. Outsight says it has developed the first 3D Semantic Camera, a device that can simultaneously perceive and understand the environment in 3D, including the detection of the material composition of objects.
The round was led by Demeter Partners, SPDG (the holding company of the Périer-D’Ieteren family) and BNP Paribas bank (through its Energy Transition Capital investment line dedicated to startups).
Faurecia, with whom Outsight has recently announced a collaboration on Automotive applications, has also invested through the Faurecia Ventures. The international high-technology group Safran, with whom Outsight has also recently announced a partnership, has invested through Safran Corporate Ventures. Outsight says it has also started collaborations with several other industry leaders in other markets.
The company currently has two families of products: a 3D Smart Monitoring solution for wide-area premises such as airports, malls, and venues, and a specific version for vehicles, such as cars and off-road mobile robots.
The 3D Smart Monitoring solution is designed to enable operational awareness, higher efficiency, and provide insight into people flow and asset utilization to operators of large premises. The fusion of multiple 3D Cameras in real-time aims to deliver a shadowless premises-wide perception.
In its vehicle version, Outsight's sensor reportedly provides new levels of safety and reliability for currently man-controlled machines such as Level 1- 3 ADAS (advanced driving-assistance systems),
construction/mining equipment, planes, and more. The company says this technology is set to accelerate the emergence of fully automated Smart Machines such as Level 4- 5 self-driving cars, robots, drones, and autonomous flying taxis, among others.
For more information, visit: www.outsight.tech.