Outsight Raises its First Seed Round of $20M

When we drive, we use our eyes to see what’s around us and that lets us know when to brake, when to move forwards, when to turn, and so on. However, since computers don’t have “eyes”, at least not in the traditional sense, they need to use cameras, but even then, cameras need to be taught to know what they’re looking at.

Now it looks like the self-driving car industry could soon get a boost in its development as French company, Outsight, have recently announced that they have managed to raise a whopping $20 million in funding to develop a commercial version of its 3D camera that could be used to power self-driving cars.

The company claims that its cameras have the ability to detect objects and also gives them context based on their broader surroundings, meaning that not only does it know what the object is, but it also knows what it is in relation to what’s around it. Outsight had officially launched in April earlier this year and demonstrated its camera tech in August, but with the funding, the company now expects that their cameras could be ready to be deployed in the early part of 2020.

According to Cedric Hutchings, CEO and co-founder of Outsight, “By combining contrarian software and hardware approaches from day one, we bring Situation Awareness to new levels of performance and integration, and thus accelerating the deployment of this critical capability for any AI that interacts with the real world.”

Tyler Lee
Categories: Photo-Video, Transportation
Tags: AI (Artificial Intelligence), Self-Driving Cars