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Auto Tech Series A Founded 2019

Opteran

AI and natural-intelligence-enabled solutions for autonomous vehicles. It develops an algorithm that helps to sense, navigate, make decisions. The algorithm mimics the working pattern of bees that has been programmed and structured that can be transferred onto customized silicon chips that can be in vehicles to avoid the collision. These chips have been used in drones, industrial robots, cars, etc. The company was…

📍 United Kingdom · Autonomous Vehicles

Funding snapshot

Last roundSeries A
Amount$12M
Date23 June 2022
Total raised$15M
Valuation71,248,615 (Jun 30, 2022)
Team size37

About

AI and natural-intelligence-enabled solutions for autonomous vehicles. It develops an algorithm that helps to sense, navigate, make decisions. The algorithm mimics the working pattern of bees that has been programmed and structured that can be transferred onto customized silicon chips that can be in vehicles to avoid the collision. These chips have been used in drones, industrial robots, cars, etc. The company was founded in 2019 and headquartered in United Kingdom. It has raised $14.8M in series a funding, with backing from Northern Gritstone, Join Capital, IQ Capital, Seraphim, and others. The company operates in the Auto Tech - Autonomous Vehicles space. AI and natural intelligence enabled solutions for autonomous vehicles.

Business model

Autonomous Vehicles > Enabling Technologies > Perception > Sensor > Camera

Institutional investors

Northern Gritstone Join Capital IQ Capital Seraphim Episode 1 Ventures SCHAUENBURG International MK Venture Capital Generation Space Shift The University of Sheffield Schauenburg Sebastian Scott James Andres Bluhm Mark Robinson Paul Cooper

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