Hyperspec-ai

company

About

We are expand navigable roadways for autonomous vehicles from 3% to 95%, today, by equipping each car with our onboard vision hardware.

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Details

Last Funding Type
Seed
Last Funding Money Raised
$1M
Industries
Artificial Intelligence,Automotive
Founded date
Mar 1, 2019
Number Of Employee
1 - 10
Operating Status
Active

Only 3% of US roadways are covered by the high-definition master maps that today's self-driving cars require to navigate. Without a hard tether to these maps, or beyond their bounds, autonomous vehicles simply cannot operate. Worse, the coverage of these maps is expanding at a rate of only 2% every 5 years.

At Hyperspec AI we are expanding navigable roadways for autonomous vehicles to 95%, today, by equipping each car with our onboard vision hardware that localizes and navigates with true autonomy. Our high-frequency periodic calibration corrects for drift using satellite imagery to achieve continuous precise real-time positioning at a fraction of the cost.

Hyperspec AI is my third company and the second to focus on mapping and localization for autonomous vehicles. I am a serial entrepreneur with successful exits and the deep domain expertise required to lead this new generation of navigation technology. Today, my team includes top talent in computer vision, simulation, and high-performance edge computing.

With $860K raised and $750K in revenue booked to date with a $1.2M backlog, we have traction and momentum. Our focus is on partnership opportunities that accelerate our time-to-market to meet the immediate industry demand.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$1M
Hyperspec-ai has raised a total of $1M in funding over 2 rounds. Their latest funding was raised on May 24, 2021 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 24, 2021 Seed $1M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Hyperspec-ai is funded by 1 investors. TBD Angels are the most recent investors.
Investor Name Lead Investor Funding Round
TBD Angels Seed