April 16, 2018

DeepTech Company Artisense Raises 4 Million Euro in Seed Funding

German-based VCs Project A and Vito Ventures invest in AI-based computer vision technology

  • Globally leading computer vision technology for autonomous vehicles and robotics is developed in Germany
  • Cutting edge machine learning and cloud technology enable efficient 3D mapping and real-time localization

Berlin/Munich, April 16, 2018. Artisense, the world’s most accurate and efficient solution for AI-based computer vision, announced the closing of its seed funding of over 4 million US-Dollar led by two German-based VCs, Project A and Vito Ventures, and business angel Chris Hitchen. With the new funding, Artisense aims to enhance its solution which is based on research-oriented algorithms, machine learning, and cloud technology. Artisense intends to join forces with industry leaders as well to develop integrated solutions for different use cases including autonomous driving, robotics, data science, and dynamic 3D mapping. Furthermore, Artisense plans to expand its teams in their offices in Munich, Palo Alto, and Tokyo.

“We see Europe increasingly becoming one of the hubs for DeepTech startups. A unique ecosystem has been established that combines innovation, research, and entrepreneurship with huge markets. Artisense's technology has the potential to become a pioneer in dynamic 3D mapping and thus the basis for autonomous machine movements“, says Thomas Oehl, Managing Partner at Vito Ventures.”

Artisense has designed algorithms that enable real-time 3D mapping based on standard camera-based images, providing vehicles and robots with the tools to behave autonomously. Expensive or error-prone technologies like LiDAR or GPS can be replaced by ordinary cameras, but can nevertheless feed additional data in Artisense’s Spatial Intelligence Platform. All sources integrated in the cloud then generate a global map which is constantly updated with new information. This state-of-the-art technology is the most accurate, robust, and flexible solution that has been developed to date.

“We’ve been seeing an interesting development in the mobility industry for some time now,“ says Uwe Horstmann, Partner at Project A. “Artisense is led by a very strong team with in-depth expertise, combined with a very innovative and forward-thinking business model. We’re excited to be part of this journey.”

Dr. Prof. Daniel Cremers is complementing Artisense’s management consisting of Andrej Kulikov (Chief Executive Officer) and Till Kaestner (Chief Operation Officer) as Chief Scientific Officer. Prof. Cremers holds the chair for Computer Vision and Pattern Recognition at Technical University of Munich and is a recipient of Germany’s most important research prize, the Leibniz Award. This strong link of research and business lets Artisense define a new industry standard for computer vision and autonomous driving.

“Dynamic 3D mapping that requires a highly precise localization to ensure secure navigation will be indispensable for self-driving vehicles of all kinds, no matter whether it’s cars, logistics vehicles, or robots for delivery,” says Prof. Dr. Daniel Cremers. “The close connection between the latest results of research and application allows us already to provide the most accurate and robust technology.”

Artisense recently won the pitching contest at Slush Conference in Tokyo in April 2018. In Germany, Artisense is part of Airbus BizLab, which has led to a partnership with Airbus, the biggest European aeronautical company. Further cooperations and long-term partnerships with leading corporations in different industries are in pipeline.

About Artisense
Founded by renowned researchers, industry experts, and company builders, Artisense develops AI-based computer vision solutions for vehicle automation and robotics. Based on dynamic 3D maps, which are combined in an Internet of Vehicles, Artisense’s technology enables navigation of autonomous vehicles without GPS or expensive sensors and hardware. As a spin-off of the chair of Prof. Daniel Cremers of the Technical University of Munich, Artisense builds on 10 years of research and cooperation with leading OEM, T1, and technology companies.