Mobius Labs, a provider of artificial intelligence (AI) powered computer vision solutions has raised €5.2 million in its latest funding round led by European Venture Capital pioneer Ventech VC. With the new round of financing, Mobius Labs aims to continue to accelerate its rapid growth and expand its geographical footprint with a strong focus on Europe and the United States.
Mobius Labs provides AI-powered computer vision trained to identify visual content. Its Superhuman Vision™ can be added to any application, device or process with few-shot Learning models that are customised to think like people. The models can be generated, even with non-experts, and run locally on edge devices requiring little processing power and storage.
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. The company already celebrates twofold year-on-year growth, whilst retaining all existing customers with plans to further strengthen market activities in the media and space sectors with geospatial intelligence a big focus area for its technology.
“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”.
Plans include further enhancements to Superhuman Vision™, the company’s “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.
The company will also fund R&D based innovation 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.
“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.
Other investors in the current round include Atlantic Labs, APEX Ventures, Space Capital, Lunar Ventures and additional angel investors.
You can find more information about Mobius Labs and its funding round on its website.
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