Algorized's software transforms off-the-shelf wireless sensors into accurate people-sensing solutions, which is particularly useful for robots that need to distinguish people from objects. The company's proprietary machine learning algorithms can unlock vast amounts of data, including people flow, demographics, accurate positioning, and vital sign detection in diverse physical environments. The company plans to use the funding to scale its sensor-agnostic platform, extend its team, and execute a growth strategy to establish a strong foothold in industrial, robotics, and automotive markets.
Key takeaways:
- Algorized, an AI-powered platform, has raised $4.3 million in seed funding to drive innovation in people-sensing and positioning software for safer human-machine interaction.
- The investment round was led by Amazon Industrial Innovation Fund, with participation from Acrobator Ventures, Berkeley SkyDeck Fund, CoreNest Capital, Shucker Ventures and other strategic investors.
- Algorized's technology transforms off-the-shelf wireless sensors into accurate people-sensing solutions, using proprietary machine learning algorithms.
- The funding will be used to scale the sensor-agnostic platform, extend the team, and execute a growth strategy in industrial, robotics, and automotive markets.