The arrival of Berlin-based startup Teraki in the grand duchy has set the tone for a new dynamism, geared towards the mobility of tomorrow. Its software enables vehicles to detect and classify objects in real-time by processing large amounts of sensor data.

“Since 2015, our company has been dedicated to exploiting machine learning for mobility applications. We first started working with automotive brands and, since 2020, we have begun to replicate success in the robotics, drone and rail markets. Setting up in Luxembourg fits perfectly with our vision of making intelligent mobility a reality for everyone,” Teraki co-founder and CEO Daniel Richart told Startup Luxembourg.

One of Luxembourg’s assets, he explains, is its participation in standardisation bodies. “Time-to-market is essential for us. Access to regulatory and standardisation bodies, such as NCAP [European New Car Assessment Programme] and IEEE [Institute of Electrical and Electronics Engineers], enables us to speed up this process on a European scale,” says Richart.

Already an agreement with SNT

“Most of our US and Asian customers, including some of our investors like Paladin Capital Group, are already setting up in Luxembourg. Mobility providers such as Porsche have also recently set up here. From that point of view, we're seeing the ecosystem maturing faster than in other parts of Europe."

An initial partnership has been signed with the Interdisciplinary Centre for Security, Reliability and Trust (SNT) at the University of Luxembourg. “The SNT’s key experience not only in Layer 2+, but also in 5G and 6G, high-performance computing and satellite communications, is essential for acceptance in industry-wide standardisation schemes,” he explains.

€11m already raised

Founded in 2015, Teraki offers four products: T-Video (video processing); T-Lidar (enhanced object detection); T-Radar (better object detection and more efficient data transmission); and T-Fusion (merging data from multiple sensors).

The startup, selected by the European Innovation Council as one of the most interesting scaleups in Europe, has already raised nearly €11m, according to our calculations, and has received €6.7m to prepare for the automation of trains in the German capital. It has also been chosen by the Norwegian postal service and has set up a . The company has around sixty employees in Berlin, Tokyo and now Luxembourg, and its technologies are due to be incorporated into production cars this year.

This article was originally published in .