Envision raised €1.5M from 4impact, ABN AMRO, Hungary-based Impact Ventures, and strategic investors from Operator.Exchange.

Envision, a Hague, Netherlands-based company developing AI-assistive technology for the blind and visually impaired people, announced completing a €1.5M ($1.8M) capital funding round.

The money was raised from existing investor 4impact, joined by ABN AMRO and Hungary based Impact Ventures, along with angel investors from Operator Exchange - Mark de Lange of Ace & Tate, Lucas Meijer of Unity, Paul Veugen of Usabilla, and Sanne Manders of Flexport.

Envision, founded in late 2017 by Karthik Mahadevan and Karthik Kannan, develops software that is is vailable for use in two different ways: on assistive smart glasses as embedded, hands-free technology (currently in partnership with Google Glass with an ability to add different smart glasses in future), and as an iOS and Android smartphone app.

The technology extracts different types of information from images and speaks them out loud, enabling blind and low-vision users to read documents at work, recognize their friends, find personal belongings at home, use public transportation, and more all fully independently. Envision’s AI-assistive software can read all kinds of text, including digital and handwritten text, newspaper, books and product labels, in more than 60 languages, recognize faces, describe scenes, detect colors, find objects, and so much more.

Envision previously raised €250k in 2019.