OUTSIGHT RAISES ITS FIRST SEED ROUND OF $20M
The French startup Outsight announced it has raised $20 million in seed funding. Outsight has developed the first 3D Semantic Camera, a unique device that can simultaneously perceive and understand the environment in 3D, including the detection of the material composition of objects.
The round was led by Demeter Partners, SPDG (the holding company of the Périer-D’Ieteren family) and the BNP Paribas bank (through its Energy Transition Capital investment line dedicated to start-ups). Faurecia, with whom Outsight has recently announced a collaboration on Automotive applications, has also invested through Faurecia Ventures along with the international high-technology group Safran. Last week Outsight announced a partnership with Safran and they have invested through Safran Corporate Ventures. Aside from Outsight’s work with Faurecia and Safran, Outsight has started collaborations with several other industry leaders in other markets.