2019 Pre-seed Investment
Machines with Vision Ltd. secures £1.3 million funding to deliver localisation technology to Deutsche Bahn, Network Rail and Jaguar Land Rover.
Edinburgh, April 29th 2019 - Machines with Vision Ltd., a company providing reliable location-as-a-service for autonomous driving, digital rail and delivery robots, has secured funding worth £1.3 million from a pre-seed investment round and signed industry partner contracts.
With a market worth £30 billion the investment unlocks innovation funding and will be used to hire new staff and to accelerate the launch of its precise localisation technology product over the next 12 months.
The investors are Matt Farrugia, Gareth Williams, Chris Wade & Rob Dobson, all successful technology entrepreneurs; alongside the University of Edinburgh’s investment arm Old College Capital.
Gareth Williams said: “I was impressed by the team’s ambition, early industry traction and clear plan to become a serious player in the future of autonomous transportation.”
Anthony Ashbrook, CEO of Machines with Vision Ltd. said: "This investment will allow us build the team to realise our vision of becoming a core technology provider to the transport industry”.
Based in Edinburgh, Machines with Vision Ltd. is expanding the technology team in order to deliver projects with key industry partners, including Network Rail and Jaguar Land Rover.
The fast-growing company was launched in 2016, and offers precise positioning to within a couple of centimetres by fingerprinting and mapping the ground surface beneath a vehicle.
Machines with Vision Ltd. helps customers by providing this localisation accuracy to enable the autonomous mobility of the future.
For more information contact us at email@example.com
About Machines with Vision Ltd.
Machines with Vision Ltd. is a company providing reliable location-as-a-service for autonomous driving, digital rail and robotics based in Edinburgh and was founded by Dr Anthony Ashbrook CEO, Dr Tim Lukins, and Dr Jan Wessnitzer in 2016.