A startup with its eye on revamping computer-vision technology has raised new funding.
Ubicept announced this week it has raised an oversubscribed $8 million seed round, led by Ubiquity Ventures and the MIT Media Lab’s E14 Fund. Other participating investors included Wisconsin Alumni Research Foundation (WARF), Phoenix Venture Partners, and several other investors and angel contributors. WARF is the patent and licensing arm of the University of Wisconsin-Madison.
Ubicept says its new technology, unlike conventional camera systems, can capture sharp images in extreme lighting conditions or high-speed motion. The startup was founded in 2021 and is led by CEO Sebastian Bauer, a former postdoctoral research associate at UW-Madison, and chief technology officer Tristan Swedish, who holds a master’s and a doctorate from the Massachusetts Institute of Technology. Ubicept has a bench at The Engine and office space in Boston.