Algorized Secures $4.3 Million in Seed Round
Algorized, a Berkeley, California-based AI-driven platform focused on people-sensing technology, has secured $4.3 million in seed funding.
The round was led by the Amazon Industrial Innovation Fund, with participation from Acrobator Ventures, Berkeley SkyDeck Fund, CoreNest Capital, Shucker Ventures, and other strategic investors.
The Amazon Industrial Innovation Fund is a $1 billion corporate venture capital fund that supports emerging technology companies through direct investments. Amazon’s Industrial Innovation Fund has made several investments in robotics and automation startups with technologies deployed in warehouses.
The funding will accelerate growth, scale the platform, and expand the team.
Algorized provides an AI-powered platform specializing in advanced people-sensing and positioning technology. The company focuses on enhancing human-machine interaction, particularly in environments where robots and automation systems must safely work alongside people. The company’s sensor-agnostic software upgrades wireless sensors to detect people, helping robots and automation systems distinguish humans from objects. The platform leverages proprietary machine learning algorithms to access a wealth of data, facilitating real-time positioning and vital sign detection in any environment.
Funding Details
Company: Algorized
Raised: $4.3M
Round: Seed Round
Funding Date: November 2024
Lead Investor: Amazon Industrial Innovation Fund
Additional Investors: Acrobator Ventures, Berkeley SkyDeck Fund, CoreNest Capital, Shucker Ventures
Company Website: https://www.algorized.com/
Software Category: People-Sensing and Positioning