{"id":48075,"date":"2019-12-12T08:46:52","date_gmt":"2019-12-12T07:46:52","guid":{"rendered":"https:\/\/www.rudebaguette.com\/?p=48075"},"modified":"2019-12-12T08:47:02","modified_gmt":"2019-12-12T07:47:02","slug":"paris-startup-outsight-raises-e18-million-to-develop-3d-sensor-cameras-for-smart-cities-and-self-driving-cars","status":"publish","type":"post","link":"https:\/\/www.rudebaguette.com\/en\/2019\/12\/paris-startup-outsight-raises-e18-million-to-develop-3d-sensor-cameras-for-smart-cities-and-self-driving-cars\/","title":{"rendered":"Paris startup Outsight raises \u20ac18 million to develop 3D sensor cameras for smart cities and self-driving cars"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Paris-based startup Outsight has raised \u20ac18 million in seed funding, tying for the largest seed funding round in Europe this year, to develop AI-powered, 3D sensor cameras for drones, autonomous vehicles, and smart city infrastructure,&nbsp;<a href=\"https:\/\/venturebeat.com\/2019\/12\/11\/outsight-raises-20-million-to-develop-3d-cameras-for-smart-cities-and-cars\/\" target=\"_blank\" rel=\"noopener\">according to Venture Beat<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Outsight\u2019s 3D Semantic Camera can not only perceive, but also interpret its surroundings and environment. It can recognize objects, determine their material composition, and take context into account. The technology is the first to offer this \u2018Full Situation Awareness\u2019 in a mass-produced package, and Outsight says data from the camera will help speed up machine learning algorithms.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Immediately, Outsight will offer cameras to aid with monitoring in public spaces like airports, venues, and malls. Eventually, though, they say another line of cameras will help power self-driving cars.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to cofounder and CEO Cedric Hutchings:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe see the first applications in smart cities and smart monitoring infrastructure. The environment is fixed, and it has fewer constraints than putting [cameras] on vehicles. We\u2019ll have a version for autonomous vehicles, but that\u2019s a longer journey.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Their vehicle version will first improve safety and reliability for assisted driving systems in construction and mining equipment as well as airplanes, and could ultimately guide fully autonomous vehicles.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hutchings is the former CEO and cofounder of healthtech startup Witchings, acquired in 2016 by Nokia for about $200 million.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The seed funding round was led by Demeter Partners, the BNP Paribas bank, and SPDG Ventures.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur 3D Semantic Camera is not only a new device but a change of paradigm where Situation Awareness becomes plug and play for the first time: we\u2019re creating a new category of solutions that will unleash tremendous business value. We\u2019re proud of having the support of such solid and knowledgeable investors that share our ambition\u201d, <a href=\"https:\/\/www.eu-startups.com\/2019\/12\/paris-based-outsight-raises-18-million-to-develop-first-3d-sensor-camera\/\" target=\"_blank\" rel=\"noopener\">said cofounder and President Raul Bravo.\u00a0<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company launched in April of this year. They debuted a demonstration version of the camera in August, and a commercial version of the smart monitoring camera is expected early in 2020. Outsight includes 30 employees in Paris, Helsinki, and San Francisco.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Among their next challenges will be scaling up production, and Hutchings is currently in search of a manufacturing facility in Europe capable of producing the cameras in high volume.&nbsp;<br><br>Photo by Dllu [CC BY-SA 4.0 (https:\/\/creativecommons.org\/licenses\/by-sa\/4.0)]&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Paris-based startup Outsight has raised \u20ac18 million in seed funding, tying for the largest seed funding round in Europe this year, to develop AI-powered, 3D sensor cameras for drones, autonomous vehicles, and smart city infrastructure,&nbsp;according to Venture Beat. Outsight\u2019s 3D Semantic Camera can not only perceive, but also interpret its surroundings and environment. It<\/p>\n","protected":false},"author":77,"featured_media":48076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"subtitle":"","footnotes":""},"categories":[113],"tags":[88,305],"class_list":["post-48075","post","type-post","status-publish","format-standard","has-post-thumbnail","category-finance","tag-france","tag-startup"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/48075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/comments?post=48075"}],"version-history":[{"count":0,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/48075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media\/48076"}],"wp:attachment":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media?parent=48075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/categories?post=48075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/tags?post=48075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}