SE3 raises $30M Series A led by Accel for autonomous navigation software
The Munich-based spinout plans to expand its teams across Europe and open a new office in the UK.
Image: SE3
SE3, a Munich-based developer of spatial intelligence software for autonomous drones and ground vehicles, has raised $30 million in a Series A round led by Accel on Nov. 13 [1, 2].
Other venture funds joining the equity financing include Keen Venture Partners, Lakestar, and Seedcamp [1]. SE3 originated as a spinout from the Technical University of Munich and was co-founded by chief executive Lukas Köstler, Simon Klenk, and chief science officer Daniel Cremers [1].
The startup provides a software platform designed to give autonomous aerial and ground systems spatial intelligence in complex operational environments [1]. "Working in defence means our technology has to deliver under pressure in the field," Köstler noted in the announcement [1].
According to the announcement, SE3 intends to allocate the capital toward expanding its engineering, commercial, and operational personnel [1]. The startup will also establish a new office in the UK while bolstering its presence in Germany and expanding existing operations in other regions [1].
Questions and answers
How much capital did SE3 raise?
SE3 raised $30 million in Series A funding [1].
Who led SE3's Series A financing?
The round was led by venture capital firm Accel [1].
How does SE3 plan to use the new funds?
The company plans to hire for operations, engineering, and commercial teams, open a UK office, and deepen its operations in Germany and Ukraine [1].
Companies & investors in this story
Sources
- 1.Munich’s SE3 raises $30M to give Europe’s drones spatial intelligence — thenextweb.com
- 2.SE3 completed a $30 million Series A financin... — chaincatcher.com
- 3.Accel leads $30M Series A in SE3, the Munich startup teaching drones to work without GPS — TFN — techfundingnews.com
