Muybridge funding news – Oslo-based Muybridge Raises €8Million in Funding
Oct 11, 2024 | By Team SR
Deep-tech company Muybridge secures €8 million in funding to advance its imaging platform! This milestone, spearheaded by Swedish VC firm Fairpoint Capital and backed by existing investors RunwayFBU, Idekapita, and Vikingstad Invest, along with numerous angels, signifies a significant step in reshaping the camera industry. It is on a mission to innovate by transforming cameras into software.
SUMMARY
- Deep-tech company Muybridge secures €8 million in funding to advance its imaging platform.
- Founded by Håkon Espeland and Anders Tomren in 2020, Muybridge is on a mission to reinvent the camera through software.
Håkon Espeland, CEO and Co-Founder of Muybridge said, “We are thrilled to have the support of such experienced investors as we transition from research to productization and commercialization, This funding will allow us to bring our technology into several emerging markets together with leading product partners within sports, broadcasting, surveillance and enterprise communication."
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It has spent the last four years spearheading real-time computer vision technology, securing numerous global patents that cover both hardware and software advancements. These groundbreaking innovations serve as the foundation of the company's platform, enabling product partners to develop cutting-edge products using APIs and SDKs— all 'powered by Muybridge'.
With a recent funding round, it is poised for significant growth! These funds will drive our expansion, enabling us to launch products in multiple markets and bolster our team in key areas like marketing, product marketing, sales, and partner success. Exciting times ahead as we scale our operations and bring our innovative technology to the forefront.
The recent backing from Fairpoint Capital, a key player in the Scandinavian venture capital scene, speaks volumes about Muybridge's promising future. With a remarkable 20 years in the industry and a history of successful exits to tech giants like Microsoft, Google, Cisco, and Intel, Fairpoint Capital's support in this funding round is a significant validation of Muybridge's vision and potential.
Filip Petersson, Partner at Fairpoint Capital said, “Muybridge is one of those rare companies that has managed to combine enabling technologies in a way that opens a new paradigm. They have the potential revolutionize both camera technology and the use of cameras in a variety of applications. We are truly excited to join the Muybridge team on this journey.”
Sagar Chandna, Senior Partner at RunwayFBU said, “Combining advanced hardware and software, their platform enables real-time, high-resolution imaging and 3D scene reconstruction, serving a wide range of industries like sports, media, videoconferencing, and others. Led by founders who are pioneers in robotics and camera technology, Muybridge is set to revolutionize these sectors with a proven team and a platform built for scale.”
About Muybridge
Founded by Håkon Espeland and Anders Tomren in 2020, Muybridge is on a mission to reinvent the camera through software. The team combines deep-tech research and real-time computer vision to create innovative products transforming camera use across industries. Exciting potential for disruption awaits.