Octopus Ventures leads a £3.5m seed round in Touchlab to advance robotic electronic skin technology.
"Touch is the final frontier for robot interaction and entry into physical environments – enabling true dexterity and safety. We have taken on this challenge by developing a ‘full-stack’ solution; retrofittable e-skin that gathers the data, software to make sense of it, and integration to ensure it works in demanding applications – from grocery grasping to telerobotics in extreme environments. Octopus’ expertise propel us to achieve e-skin’s full potential and create a step-change in robotics."
SKion Water has backed SouthWestSensor in a Series A round to drive commercialisation of its sensor platform.
"We are absolutely delighted to welcome SKion Water on board, a highly respected investor with a shared vision of the pivotal role that advanced sensing solutions will play in improved water management and digitisation of this key industry. Apart from the investment itself and SKion’s top-notch domain experience, we are already seeing the benefits of working with SKion’s portfolio companies, having just completed a 3-months sensor deployment with one of them. This provides a strong basis for further growth and integrated product and service offerings to reach our ambitious short and mid-term commercial goals. I would like to thank SWS founder, Dr. Xize Niu, our excellent team and previous Seed Round investors."
The Derby and Bangalore based deeptech firm raised the capital to accelerate the delivery of its 3D perception platform into new markets.
"There is high demand for deep learning deployment on the edge for real-time data inferencing, including 3D image extraction. Many industries are rapidly shifting away from the traditional centralized cloud model to the compute at the edge. Our investment thesis on this space is strong, thus we were keen to invest in Cron AI with their specific focus on edge computing, and differentiated IP as it relates to perception technology. We believe in the vision of Cron AI’s founders, and the unique IP differentiated solution for addressing computation scaling of the edge leveraging FPGA platforms."