Edinburgh-based Machines with Vision has secured a £2.6m investment to fund product development, sales growth and hiring of new research engineers.
The geo-spatial mapping firm counts Deutsche Bahn and Network Rail among its client base, with the new investment round led by Par Equity, alongside the University of Edinburgh’s in-house venture investment fund Old College Capital, former Skyscanner chief executive Gareth Williams, and Olaf Hesse, one of the company’s commercial team.
The innovation underpinning the technology is the creation of a visual map of the ground surface captured by sensors installed on the underside of vehicles such as trains.
