Augmented Pixels, a Palo Alto-based, Ukrainian born developer of proprietary simultaneous localization and 3D mapping technologies , closed a $2 million funding round from ICU Ventures and VentureBot.
The company says has raised a total of $7 million since 2015. It also announced it “completed the development of indoor navigation, earth-scale 3D mapping, and cloud localization technologies.”
“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 offer unique solutions that will significantly reduce the cost of operations in logistics, facility management, and other markets,” stated Augmented Pixels CEO and founder Vitaliy Goncharuk.
Augmented Pixels says it will use the fresh funding to “continue its innovative R&D efforts while expanding with an executive team based in the United States.”
Founded in 2010, Augmented Pixels has developed a proprietary simultaneous localization and 3D mapping technology. This approach has applications in augmented reality navigation and 3D mapping for mobile phones, drones, and robots. In 2015, after receiving a $1 million Seed investment from The Hive, the company relocated from Ukraine to Palo Alto, California, leaving the R&D team in Ukraine.