Algorized Raises $4.3 Million in Seed Funding to Drive Innovation in People-Sensing Technology for Safe Human-Machine Interaction

BERKELEY, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Algorized, an AI-powered platform pioneering advanced people-sensing and positioning software, has raised $4.3 million in seed funding to drive innovation in people sensing and support safer, seamless human-machine interaction. The investment round was led by Amazon Industrial Innovation Fund, with participation from Acrobator Ventures, Berkeley SkyDeck Fund, CoreNest Capital, Shucker Ventures and other strategic investors.

With an adoption of robotics and automation across industries, ensuring the safe collaboration of people and machines is an important challenge. Human detection remains a key area of development, particularly for robots that need to distinguish people from objects when using cost-competitive and scalable hardware. Algorized addresses this challenge by offering a sensor-agnostic software-only ...