We invited founders of Blue Vision Labs: Peter (CEO) and Lukas (CTO). They have built the company from start to $100 million acquisition by Lyft in a little over 2 years. London based Blue Vision Labs has developed a technology for self-driving cars.
Blue Vision Labs, a startup out of London that has developed a way of ingesting street-level imagery and is using it to build collaborative, interactive augmented reality layers — from basic smartphone cameras. The technology is very interesting for self driving cars, that is why they have been acquired by Lyft, the San Francisco-based company.
Blue Vision has developed technology that provides both street level mapping and interactive augmented reality that lets two people see the same virtual objects. The company has already built highly detailed maps that developers can now use to develop collaborative augmented reality experiences — it’s like the maps of these spaces become canvasses for virtual objects to be painted on. Over time, we may see various uses of it throughout the Lyft platform, but for now the main focus is Level 5 autonomy.
People familiar with the acquisition tell us Blue Vision is being acquired for around $100 million. Blue Vision had raised $17 million and had been working on the technology in stealth mode for most of the time. Investors included GV, Accel, Horizons Ventures, SV Angel.
After the fireside chat we will have an Investor Q&A with Christopher Priebe from Global Founders Capital, a billion $ early stage and growth fund.
Christopher is Partner at Global Founders Capital where he leads seed investments in early-stage startups.
Previously, Christopher was a growth investor at TA Associates as part of the European tech investment team, and spent several years as an investment banker at Merrill Lynch advising tech scale-ups including Zalando, Rocket Internet and HelloFresh.
He holds a Masters degree from the University of Cambridge and a physics undergraduate degree from RWTH Aachen.
Join us on, learn from Peter, Lukas and Christopher.