3D mapping and tracking technology startup Eonite Perception has announced a seed round of equity funding from leading Silicon Valley venture capitalists and angels, has raised $5.25 Million USD.
When Eonite Perception was founded in December 2015 in Palo Alto by Chief Science Officer Dr. Anna Petrovskaya, CEO Youssri Helmy, and CTO Peter Varvak, it launched with two products. These were the Vantage Head Tracker and Reality Insight software development kit (SDK).
The Vantage Head Tracker is an inside-out positional tracking system for tethered and mobile virtual reality (VR) and augmented reality (AR) headsets. The system supports 6 degrees of freedom, jitter free, and runs at very low latency on a mobile class CPU. While Reality Insight is a home scale, real-time, 3D scanning and reconstruction SDK and Unity plugin.
The recent funding round included Lightspeed Venture Partners, Signia Venture Partners, Presence Capital, The VR Fund, Rising Tide, CLI Ventures, Andy Bechtolsheim, Amr Awadallah, Greg Castle, Greg Richardson, Nader Shenouda, and others. The company also announced that Peter Nieh, founding Partner of Lightspeed Venture Partners, and Rick Thompson, Partner of Signia Venture Partners, are joining its board of directors as observers.
Youssri Helmy, Founder and CEO of Eonite Perception, said: “Artificial perception is the means by which machines understand the real world, perception has been the greatest challenge in bringing smart robots and AI applications into our world, due to lack of accuracy and reliability among other challenges. Our technology works in the real world and immediately enables new applications like inside-out head tracking for VR headsets, and we are delighted to have venture capitalists and angels of this caliber help us build the company and bring out these solutions to market.”
While Peter Nieh, Partner at Lightspeed Venture Partners, said: “Eonite Perception’s ground-breaking technology is fundamental to several large, rapidly emerging markets including VR/AR, drones and autonomous vehicles. Eonite has developed the most advanced technology, and we look forward to seeing it get integrated into some compelling products in the near future.”
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