This is the sixth post for FRNTIER’s Investment Memo series. If you would like to see a specific company evaluated, please connect with Dec Thomas.
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In simple terms, Scape is creating a 3D digital replica of the physical world created by their cloud-based ‘vision engine’.
Bold and 10x better: Scape’s first product is an SDK for mobile devices that allows AR content to be anchored to specific geographic locations, outside and at an unprecedented scale. Unlike satellite-based GPS, Scape’s Visual Positioning System allows any camera device to be located with centimetre-level accuracy
Scape is aiming to release an API that will allow any device to determine its location, given an image as an input, regardless of what use-case or platform you are targeting. That is, the VPS is not limited to AR applications.
Fundamentally new, not derivative: Rather than rely on 3D maps built and stored locally, Scape's visual engine builds and references 3D maps on the cloud, allowing devices to tap into a ‘shared understanding’ of an environment (Source).
Size: Scape’s Visual Positioning Service could be omni-applicable including large-scale AR (e.g. architecture and games) and replacing LiDAR (Source). Note: Apple plans to release AR glasses in 2023 (Source)
Monopoly: Scape is developing and testing the VPS in London with AR and mobility companies (market-related). Unlike other SDKs for AR, ScapeKit is the only solution that provides outdoor location recognition at a city-scale (tech-related; source).
Timing/secret:Spatial computing as the next phase of computing.
Business model: Unable to determine the current revenue/pricing model.
Technology: Scape’s VPS is currently optimised for outdoor situations.
This is not an actual investment memo. The content contained herein is the result of internet-based research and is strictly for informational and illustrative purposes only and should not be relied upon as advice- investment, business or otherwise. The fact that I wrote a pseudo-memo on this company does not necessarily mean that I would invest in the company if I was in a position to.