![]() In March 2022, Sure Valley Ventures secured £85m for a fund to back early-stage British software startups. “At Sure Valley we focus on investing in businesses with strong founding teams and proprietary technology which have global impact, all of which Captur epitomises.” Isabelle O’Keeffe, partner at Sure Valley Ventures, said: “Captur’s innovative edge technology using visual AI has significant potential to transform the efficiency and profitability of businesses across multiple sectors and the market opportunity and demand for the product is great. Captur claims it can recognise images within three seconds. “We look forward to improving profitability and driving growth in the delivery sector with AI image recognition, and to use visual AI to build trust in the modern economy.”Ĭaptur’s technology uses edge AI, which is when the artificial intelligence computations are done close to where the data is located – in this case on a smartphone – as opposed to via the cloud.īecause data is analysed locally, it can perform actions faster than if they took place in a faraway data centre.īusinesses can upload their own image data to train the system, pick a template set of rules for their application and use “drag and drop” to customise it. “In the delivery sector alone, companies can spend up to $20m per year on refunds and customer support, in addition to a frustrating experience for their customers,” said Bax, who is Captur’s CEO. The startup was founded by Charlotte Bax in 2020 and incubated by Google for Startups, where Bax took part in the Female Founder Resident programme. This replaced manually logging the condition on spreadsheets.Ĭaptur currently operates across Europe and plans to launch in the US early next year. It has partnered with rapid delivery startup Zapp in London to let fleet riders track the condition of vehicles by scanning QR codes on assets. So far, Captur’s technology has mainly been used in the micromobility space. ![]() Operator angel investors also participated in the round, along with Concept Ventures and Two Culture Capital, backers of ElevenLabs and Electric AI. It brings Captur’s total funds raised to £3.5m and will be used by the startup to scale its technology across new sectors, including retail.Įxisting investors MMC Ventures and Ascension Ventures provided additional capital. The seed funding round, shared exclusively with UKTN, was led by Sure Valley Ventures. Captur claims this can reduce fraud by up to 40%.Ĭaptur counts dockless bicycle hire company HumanForest, micromobility company Dott, and vehicle financing company Moove among its customers. One such example is a delivery driver using a smartphone camera to verify that a package is at the right address. ![]() ![]() ![]() London-based Captur has built a platform that lets businesses use a smartphone camera for bespoke image recognition applications in sectors including logistics, transportation and automotive. įollow us on Facebook Follow us on Twitter Follow us on LinkedIn See us on YouTubeĪn AI startup that has created image recognition tools for businesses has secured £2.2m in funding. Is there an investor you’d like us to interview? If so, email your suggestions to. Investor Interviews Read our interviews with prominent Angels and VCs who invest in the UK tech space.Find out what they have learned and the mistakes they have made along the way. Founder Interviews Read our interviews with inspiring tech company founders.Funding Advice from our experts on everything you need to know about raising funding, whether you are trying to secure investment from a bank, an Angel or a VC. ![]()
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