# Opteran Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/opteran-technologies

- Industry: Software
- Headquarters: Sheffield, UK
- Website: www.opteran.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Oct 23, 2020)
- Investors on record: 4

## About

Opteran Technologies Ltd. specializes in neuromorphic software for autonomous machines, utilizing biological insights to enhance navigation and learning capabilities in robotics.Founded in 2020, Opteran Technologies Ltd. is headquartered in Sheffield, UK, focusing on the development of sophisticated autonomous navigation systems. The company has engaged in 3 funding rounds and secured GBP 10.00 million in its most recent round on June 9, 2022, led by Join Capital with participation from multiple investors. David Rajan serves as the CEO, steering the firm towards innovation in robotic applications. Opteran has not undergone any significant pivots or changes in business strategy since its inception.Opteran specializes in neuromorphic software designed for autonomous machines, primarily by reverse-engineering the brains of insects and animals. Their core product, the Opteran Mind, enables infrastructure-free navigation for mobile robots by utilizing visual input and leg odometry, allowing them to learn new environments effectively without the need for GPS or extensive data collection. This software excels in navigating challenging and dynamic conditions, such as areas with variable lighting and featureless spaces. End use cases include applications in robotics, particularly for clients in the automotive and aerospace sectors, including collaborations with organizations like Airbus and the European Space Agency. Opteran's solutions have been integrated into various markets, leveraging their technology across sectors in Europe and North America, catering to companies focusing on connected and automated mobility.Opteran's revenue generation model is structured around B2B partnerships and collaborations, particularly with businesses in the robotics and automation industries. The company engages in transactions based on the deployment of their software systems, which may include licensing agreements or partnerships for product integration. Revenue stems from the sale of software licenses for the Opteran Mind, alongside potential service fees for ongoing support and updates. While specific details regarding pricing structures have not been disclosed, the company's collaborations suggest a focus on long-term relationships with clients, aimed at enhancing autonomous capabilities in their respective technologies, thereby strengthening their position in the market.In June 2022, Opteran Technologies Ltd. raised GBP 10.00 million in venture funding, led by Join Capital alongside other investors, to further develop its artificial intelligence system. The funding is intended to support the design and launch of new products, enhancing their offerings in the field of autonomous navigation. The company plans to expand into new markets across Europe and North America by 2025, seeking to broaden its client base in the robotics sector and increase application areas for its technology.

## Funding rounds

- Seed, Oct 23, 2020, $2.5M — Seraphim Space Manager, IQ Capital, Episode 1 Ventures, Join Capital

## Investors

- Seraphim Space Manager (https://capitalatlas.ai/funds/seraphim-space-manager) — Seed
- IQ Capital (https://capitalatlas.ai/funds/iq-capital) — Seed
- Episode 1 Ventures (https://capitalatlas.ai/funds/episode-1-ventures) — Seed
- Join Capital — Seed