Computer vision technology company Ubicept recently announced it has secured $8 million in funding. Ubiquity Ventures and E14 Fund led the oversubscribed seed investment round with participation from Wisconsin Alumni Research Foundation, Phoenix Venture Partners (PVP), and several other investors and angel contributors.
Launched out of the prestigious labs of MIT and the University of Wisconsin-Madison, Ubicept has been redefining boundaries in computer vision. While traditional computer vision relies on a dated “still frame” approach, Ubicept bypasses this old logic and directly leverages single-photon sensors to turn the individual photons that hit an imaging sensor into a reliable computer vision output. And the resulting perception system can operate in extreme lighting conditions, capture sharp images of high-speed motion, and even “see” around corners. Ubicept targets a price point similar to conventional camera systems.
The new funding round will be used to expand the Ubicept team, secure further intellectual property rights, and bring their product to more customers across several industries. And this investment will strengthen Ubicept’s position as the leader in single-photon computer vision.
KEY QUOTES:
“We are excited about this major milestone. This funding will allow us to accelerate our efforts to transform the way computers ‘see’ and understand the world, especially in challenging environments.”
— Sebastian Bauer, co-founder and CEO
“Ubicept is the first company in the world with this “count individual photons” approach to computer vision. I see tremendous demand right now for this next generation of perception and the use cases it unlocks.”
— Sunil Nagaraj of Ubiquity Venture – who has also joined the Ubicept Board of Directors
“The development in the market for single-photon sensors has picked up dramatically in the last few years, with smartphone manufacturers adding them to their devices for depth sensing. The processing Ubicept adds to such sensor type will enable their widespread use for general-purpose imaging and a wide array of computer vision applications. The output quality is so much better than what conventional sensors provide.”
— Habib Haddad, Managing Partner of E14 Fund
