Tether led the Series A investment to help the blockchain platform scale its community and institutional offerings.
"The crypto community has only a few great projects and we are excited by the investment from Tether International as it will help us deliver [American dollar-based] services to all our users,"
The healthcare artificial intelligence startup raised the capital from backers including MMC Ventures, Seedcamp, and Bayer G4A to scale operations globally.
"The inability of today's computers to understand doctors' unique way of writing has been a major issue. Doctors can correctly describe an 'infiltrating mass' without writing the word 'tumor' or write 'bilateral ground glass peripheral opacity' without explicitly indicating a suspicion for COVID-19"
The oversubscribed round was led by West Hill Capital to support team expansion and product development.
"We are experiencing significantly faster adoption of our technology with deal cycle time considerably reduced. This funding round will enable us to fast track our expansion plans and develop new functionality in order to meet growing demand."
The funding round was led by Octopus Ventures and MMC Ventures with participation from Amadeus Capital Partners and Toyota AI Ventures.
"Even before the crisis, SLAMcore was engaged in many conversations with companies – big and small – who needed a better way to solve spatial intelligence issues in robotics. Especially across sectors such as drones, robots, and AR/VR, the coronavirus pandemic has lit the touch-paper and we are primed to meet exploding demand. In the past few weeks alone, we have seen a huge spike in enquiries as robotics companies want fast solutions to get their robots to market sooner."