biped.ai secures CHF 1.2 million for US expansion and European growth
22 November 2023
Lausanne-based start-up biped.ai, known for its revolutionary technology aiding the visually impaired, has successfully raised CHF 1.2 million.
Founded in 2021, biped.ai emerged as a pioneering force with its AI copilot system, a smart navigation harness inspired by autonomous driving technologies. This wearable device, designed to be worn on the shoulders, is outfitted with 3D cameras and AI algorithms. It provides real-time guidance and obstacle avoidance, significantly enhancing the independence and safety of visually impaired users. Building on its innovative approach, biped.ai secured a partnership with the Honda Research Institute in late 2022 for software innovation and was awarded the “Prix de la Canne Blanche” by SZBlind (UCBA) earlier this year.
Maël Fabien, co-founder of biped.ai, emphasizes the company’s mission: “Our vision at biped.ai is to improve the lives of the visually impaired, offering them freedom and autonomy of movement. This funding round is not just a financial boost but a validation of our mission to make a tangible difference in the world.”
The recent investment round attracted notable investors, including Serpentine Ventures, Juchum Foundation, and a host of business angels such as Joel Roos, Raphael Lederman, and Rolando Benedick. In addition, several SICTIC investors, including Marcel Egger, contributed, alongside support from Venture Kick, FIT, Future of Health Grant, Genilem, and the Biopole startup fund.
With this new funding, the Vaud-based start-up is set to venture into the US market and expand its footprint in Europe. This strategic move aims to cater to a large demographic of visually impaired individuals in the United States seeking advanced mobility solutions. Furthermore, the expansion in Europe is poised to strengthen biped.ai’s position as a leading provider of assistive technologies on the continent.
biped.ai’s journey from a start-up to a potential market leader in assistive technology for the visually impaired has been marked by significant milestones. From securing initial funding and recognition to partnering with renowned institutions, the company’s commitment to enhancing mobility for the visually impaired is now set to reach a broader audience, potentially transforming lives across continents.