The pioneering Artificial Intelligence (AI) computer vision startup and ESA BIC Bavaria incubatee TerraLoupe has raised tremendous funding in the seven-digit range.
The Munich startup creates a new basis for autonomous driving through an intelligent analysis of aerial image data. The technology of the company is based on AI and allows the efficient and highly automated generation of digital map material. For the first time, this allows to recognise and process objects and infrastructures on a large scale, in order to leverage autonomous driving. Therefore TerraLoupe is able to record road networks very precisely with centimetre accuracy. The future-oriented company TerraLoupe now successfully completed its second round of financing in a seven-digit range taking its business to the next level …
Read the entire press release in German language.
About ESA BIC Bavaria
TerraLoupe is incubated at ESA BIC Bavaria from June 2015 until Mai 2017. The ESA BIC Bavaria seeks entrepreneurs using space technologies in a non-space environment. That does not mean rocket science, but applies to multiple application fields such as navigation and positioning, communications techniques, Earth observation, materials, processes, signals or robotics.
ESA BIC Bavaria has four selection rounds each year. The next application deadline for the incubation programme is 14 June 2017. Apply now for ESA BIC Bavaria.
