Machines With Vision secures £2.6m in a seed round led by Par Equity to advance railway mapping technology.
Par Equity led the £2.6m seed round to support product development and team expansion at Machines With Vision.
Share allotment filed at Companies House
Machines With Vision builds digital mapping technology for the railway and infrastructure maintenance sector. The firm combines vision systems with geolocation algorithms to create precise condition maps.
Edinburgh-based Machines With Vision has secured £2.6m in a seed funding round led by Par Equity, with participation from Old College Capital and Gareth Williams. The company develops digital mapping and geolocation technology designed to help railway network operators distinguish actual track defects from suspected faults and plan predictive maintenance.
The newly raised capital will be deployed to support product development and expand the team as the company builds on its recent commercial progress.
Use of funds
- 01Continue product development
- 02Grow the team
Investors
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About the company
Machines With Vision
Machines With Vision develops digital mapping and geolocation technology for railway maintenance.