Defence startup Mistt raises £5m to build the ‘next GPS’ for autonomous systems and AI
London-based startup Mistt has secured £5 million to develop a novel 4D mapping system designed to enhance the precision of autonomous systems and AI models. Anne Sraders, a senior reporter based in Berlin and specializing in VC industry and deeptech startups for Sifted, covers the news. The Berlin-based company has demonstrated impressive growth, with a 365% compound annual growth rate over the past two years.
Mistt aims to enable robots to think and remember their surroundings, representing a significant advancement in the field of physical AI. Oxylabs, a Lithuanian data infrastructure company, recently reached a $3.6 billion valuation after securing its first external investment from Warburg Pincus. CEO Vytautas Savickas and CFO Jurgis Rudgalvis attribute this success to the favorable timing and strategic partnership.
Meanwhile, the French intelligence agency has faced criticism for its over-reliance on foreign technology, following a potential shift from Palantir to ChapsVision for critical contracts.
Written by urgent.news from Sifted's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
