A computer vision startup has revealed plans to open an office in the UK after raising €5.2 million.
Mobius Labs employs 30 people, with two in the UK, after doubling in size in the last 18 months.
It has aggressive plans to double its headcount during the next 12 months, expanding its geographical footprint with a strong focus on Europe and the United States.
“We have plans to open up an office in the UK – we’re in the process of getting everything sorted out,” the firm told BusinessCloud.
“We have plans to add a few more employees towards the end of the year. The intention is to open a UK office early next year at the very latest.”
The company plans to enhance its Superhuman Vision technology, which 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.
It is also looking to develop further algorithms for edge computing that can be deployed in many devices and scenarios including cameras, mobiles or satellites.
The firm is led by Appu Shaji, CEO and chief scientist.
“We’re investing heavily in the UK and are focused on building our network there. So much so that Appu will be in London for his first in-person event speaking opportunity in almost two years at the AI Summit London,” added the company.
The latest funding round was led by European Venture Capital pioneer Ventech VC. Other investors in the current round also include Atlantic Labs, APEX Ventures, Space Capital, Lunar Ventures and additional angel investors.
“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 Shaji.
“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.”