Mobius Labs, a provider of next generation, artificial intelligence (AI) powered, computer vision solutions, today announced that it has raised €5.2 Million in its latest funding round led by European Venture Capital pioneer Ventech VC. Other investors in the current round also include Atlantic Labs, APEX Ventures, Space Capital, Lunar Ventures and additional angel investors.
The 30-strong company has more than doubled in size over the last 18 months with aggressive plans to double its headcount during the next 12 months. With this new round of financing, Mobius Labs will continue to accelerate its rapid growth and expand its geographical footprint with a strong focus on Europe and the United States. The company celebrates twofold year-on-year growth, while retaining all existing customers with plans to further strengthen go to market activities in the media and space sectors with geospatial intelligence a big focus area for its technology.
Plans also include further enhancements to Superhuman Vision™, the new generation of AI-powered computer vision. This includes no-code AI where the software can be trained by any user within an enterprise and then applied to multiple new applications and sectors. Funding R&D based innovation is fundamental to Mobius Labs and the company plans to improve core algorithms that power its few shot capability feature, and develop further algorithms for edge computing that can be deployed in many devices and scenarios including cameras, mobiles or satellites.
“I am very proud of what we have achieved at Mobius Labs so far but there is still a lot to be done. This new round of funding will help accelerate our plans and expand quickly as a company,” said Appu Shaji, CEO and Chief Scientist at Mobius Labs. “The last 18 months has been very challenging for many firms, but we have continued to grow throughout the pandemic while retaining all existing customers and look forward to enhancing our product and taking computer vision technology to the next level.”
“Appu and the team at Mobius Labs have developed an unparalleled offering in the computer vision space. Superhuman Vision™ is impressively innovative with its high degree of accuracy despite very limited required training to recognise new objects at excellent computational efficiency. We believe industries will be transformed through AI, and Mobius Labs is the European Deep Tech innovator teaching machines to see,” said Stephan Wirries, Partner at Ventech VC.
About Mobius Labs
A new generation of AI-powered computer vision that is disrupting how the world works with visual content. Mobius Labs makes it easy to add Superhuman Vision™ to any application, device or process with few-shot Learning models that are fully customised to think like you do. The new models can be generated easily, even with non-experts, and run locally on edge devices requiring little processing power and storage. Delivered as an SDK, the technology ensures that you keep your data private. To learn more about Superhuman Vision™ by Mobius Labs visit our website, follow us on LinkedIn or Twitter
About Ventech VC
Ventech is a Global, Early Stage VC firm based out of Paris, Munich, Helsinki, Berlin, Hong Kong and Shanghai with over €900m raised to fuel globally ambitious entrepreneurs and their visions of the future digital economy.
Since founding in 1998, Ventech has made 200+ investments (Believe, Botify, Mindler, Ogury, Picanova, Speexx, Veo & Vestiaire Collective) and 80+ exits (Webedia, Curse, StickyADS.tv and Withings).