#London #United Kingdom #Visual AI #intralogistics #Slamcore

Slamcore Secures $14 Million to Scale Visual AI in Intralogistics

Slamcore, a leading name in spatial intelligence software, has successfully raised an additional $14 million, elevating its total funding to $40 million. This remarkable achievement has been made possible with the backing of top-tier investors including Rockwell Automation’s subsidiary, ROKStar Ventures, alongside other notable names such as Toyota Ventures and Amadeus Capital Partners.

This funding boost arrives at a critical time when industrial operators across the globe are grappling with the pressing need to enhance productivity while concurrently managing escalating safety risks within factory and warehouse environments. According to statistics from the Occupational Safety and Health Administration, forklift-related injuries in the U.S. can range from 35,000 to 62,000 annually, tragically leading to two fatalities each week. Furthermore, it has been found that forklifts operate efficiently for less than half of their available time, leading to a dire need for enhanced visibility within operations.

Slamcore’s innovative solutions, namely Slamcore Aware and Alert, utilize proprietary AI combined with stereo cameras to offer a solution that provides real-time tracking without the expense of new infrastructure, GPS, beacons, or floor markers. This empowering technology enables operations managers to achieve a comprehensive view across their facilities, facilitating more intelligent resource utilization and a swift investigative process for operational issues.

The Slamcore Aware solution provides visibility over every vehicle within a facility, thereby enabling the precise management of vehicle usage and significantly reducing idle times. In contrast, Slamcore Alert proactively monitors driver behavior, alerting personnel of close encounters with pedestrians and structures, effectively averting potential accidents.

Owen Nicholson, CEO of Slamcore, emphasizes the transformative impact of their solutions: "Operations managers in factories and warehouses have largely been flying blind when it comes to their manual fleets. Slamcore Aware and Alert change that from day one, without disruption to existing operations." The credibility of Slamcore’s offerings has been underscored by ROKStar Ventures’ investment, which is seen as a validation of the product's foundational role within the supply chain rather than merely another solution among many.

Ryan Gariepy, Vice President of Robotics at Rockwell Automation, highlighted the precision and reliability of Slamcore’s visual AI solutions, noting the challenge of making such complex systems work seamlessly within the dynamic environment of operational facilities. He expressed enthusiasm for the potential of Slamcore's technology, which can adapt to every category of both autonomous and human-operated industrial vehicles, all while bypassing complex infrastructure redesigns that are typically necessary for such transitions.

Jim Adler from Toyota Ventures echoed this sentiment, pointing out that the operational data collected from each Slamcore installation not only enhances current operational functionality but also holds significant potential for training future AI systems.

As Slamcore expands its footprint across over 30 facilities throughout Europe and North America and meets the demands of operations teams striving for more efficient fleet management and a reduction in forklift-related incidents, they address not just immediate concerns but also pave the way for innovations in physical AI.

Operations teams aiming to enhance fleet visibility and improve safety standards can discover more about Slamcore’s breakthrough technologies at slamcore.com.

About Slamcore

Slamcore is a spatial intelligence company headquartered in London, specializing in visual AI technologies that track vehicle movement in industrial environments without requiring additional infrastructure. The company’s flagship products, Slamcore Aware and Slamcore Alert, are currently operational in numerous facilities across Europe and North America. Slamcore is backed by influential investors including Rockwell Automation Ventures and Toyota Ventures, solidifying its position in the market.