Virtual reality imaging startup, Lucid VR, has won the Embedded Vision Alliance’s Vision Tank competition at this year’s Embedded Vision Summit.
Lucid VR’s CTO Adam Rowell pitched the company’s technology to a panel of three judges at the summit, which took place in Santa Clara, California from 1 to 3 May.
Lucid VR offers a stereo camera for those developing virtual reality applications to capture their own video. The device has 4K resolution and is priced at $499. Rowell said during the competition that the company had sold 1,000 units so far and raised $2.6 million in investment.
As winners of the Vision Tank, Lucid VR was awarded $5,000 and one year membership to the Embedded Vision Alliance, an industry association that brings together those working on computer vision for practical applications.
The other four contestants were: Imagry, which has developed a vision engine running neural networks for smartphones; Machines With Vision, which is mapping the surface of roads with event cameras for SLAM algorithms for self-driving cars; PerceptIn, also working on SLAM, but providing an embedded system to run the algorithms on; and Always Innovating, a startup that has developed a camera for ball tracking in sports.