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Segmentive Closes $2.4M Seed Funding Round

Segmentive, a Berlin and Mittweida, Germany-based deep-tech computer vision startup, closed a $2.4m seed funding round. The round was led by Technologiegruenderfonds Sachsen (TGFS), an early-stage VC fund targeting high tech startups with strong growth potential. The company intends to use the funds to accelerate the delivery of its multi-layer segmentation technology mobile prototype and to make key hires to support execution. Led by Lutz Roellig, CEO, Segmentive is developing a new approach to mobile video segmentation. Segmentive has application with mobile phone manufacturers and tech companies looking to use computer vision to create new commercial applications.

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