Join Capital leads Seed+ as Opteran delivers genuine brain biomimicry inspired by insects
London, June 23 2022 – Opteran, the Natural Intelligence company, has secured $12 million in funding led by Join Capital, with additional funding from IQ Capital, Northern Gritstone, Seraphim, Episode 1 and Schauenburg Ventures. In the next two years, Opteran will expand rapidly across international markets, commercializing a completely new standard for machine autonomy called Opteran Natural Intelligence. This approach re-engineers insect brain patterns to solve the fundamental limitations of current state-of-the-art artificial intelligence (AI) and introduce the third wave of AI: genuine brain biomimicry.
Enabling global expansion
Having already delivered stabilized vision, collision avoidance and navigation, Opteran will use this funding round to boost product development and enable further international expansion. Opteran will open offices in the United States to support a growing number of customer pilots, and in 2023, it will add natural brain decision-making for machines. Opteran is also working to deliver hyperspectral vision, natural brain image recognition and dynamic learning based on inputs from the surrounding environment.
“Opteran has built the AI technology required to transform autonomous machines beyond today’s limited use in restricted scenarios to enable more widespread adoption,” said Sebastian von Ribbentrop, Founding Partner, Join Capital. “We don’t often see companies with a vision and product of this magnitude, and it is clear to us that Opteran Natural Intelligence will be the differentiator for every sector implementing autonomy in machines. We’re thrilled to have this type of global disruptor in our portfolio.”
A new standard for autonomous machines
A recent academic article in Science Robotics, co-authored by Opteran Chief Scientific Officer James Marshall, highlighted how insects use embodied cognition to move around in complex, dynamic and often hostile environments. Autonomous machines must be able to interact with the world in a similar way to nature. Opteran can provide this type of real-time situational awareness for structured and unstructured environments by mimicking the function of animal brains. This delivers an energy efficient, robust and safe solution to deal with complicated visual and navigational challenges of autonomous machines, creating a new general standard.
“By mimicking Nature’s genius to enable machines to move like natural creatures we are redefining the global market for machine autonomy,” said David Rajan, CEO, Opteran. “We expect Opteran Natural Intelligence to become the standard solution for autonomy anywhere on the ground or in the air, on any machine, large or ultra small, because it combines such sophisticated natural brain capabilities in a light-weight, efficient package.”
Since its launch in 2020, Opteran has demonstrated its ground-based system, Hopper, and its 700g Opteran aerial reference drone. It has also piloted its technology with international customers in the USA, South Africa and Europe, who are developing collision avoidance and navigation capabilities in cobot arms, drones, and mining robots. Sean Mitchell, founder and CEO, Movidius has joined as Chairman, while AI expert and co-founder Amazon Prime Air, Gur Kimchi, has been appointed an advisor, and Rafferty Jackson, former head of global strategy at Beats, is a Non-Executive Director.
About Opteran: Intelligence is natural
Opteran moves beyond today’s Deep Learning AI to re-engineer 600 million years of evolution in insect brains onto a silicon chip. This breakthrough enables machines to see, sense, navigate and make autonomous decisions with a smaller, lighter and more efficient solution that operates off-network without training.
For more information, please go to: www.opteran.com
