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18th June 2020

Octopus and MMC lead SLAMcore's $5 million fund raise

SLAMcore, a UK company developing spatial AI algorithms for robots and drones, has secured$5million in a funding round led by Octopus Ventures and MMC Ventures, with participation from Amadeus Capital Partners. The funding will allow SLAMcore to meet the increasing demand of the robotics market, which has seen demand skyrocket due to COVID-19. This has occurred particularly in drone, robots and AR/VR usage, as effective robotics solutions that can support the ‘new normal’ of a post-COVID-19 crisis world are accelerating. Existing investors Toyota AI Ventures continue to provide strategic support to SLAMcore.  

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