Luxonis, a robotics and industrial automation company developing the OAK camera platform and DepthAI software, has raised $14 million to expand its physical AI platform. The round was led by Denali Growth Partners, with participation from Taiwania Capital.
The funding will support commercial expansion, accelerate the product roadmap, and increase production of the company's OAK camera platform to meet growing demand for AI-powered automation.
Advancing AI-Powered Perception
Luxonis develops vision systems that combine multiple sensors with on-device computing, enabling robots and automated systems to understand and interact with the physical world. The platform is supported by an open-source software ecosystem that helps developers build and deploy AI-driven automation across industries.
The investment will strengthen supply chain capacity, expand the OAK4 ecosystem, grow R&D and engineering teams, and support new products for sectors including agriculture, robotics, defense, industrial automation, healthcare, and warehousing.
“After more than seven years building Luxonis with the support of friends and family, we’re delighted to close our first institutional round and welcome Denali and Taiwania to our board. They bring a wealth of experience that will help us accelerate our already rapid growth as we give machines the human perception they need to take on the world’s physical work,” said Bradley Dillon, CEO of Luxonis.
Supporting Global Growth
The new investors believe Luxonis is well positioned to accelerate adoption of physical AI technologies across enterprise markets.
“We are thrilled to support the Luxonis team as they continue to meet the perception needs of customers ranging from individuals to Fortune 500 companies, across a range of end markets,” said Alec Douglas, Principal at Denali Growth Partners.