Edgybees, a business that helps businesses, initially responders and military users properly geotag and enhance their aerial video streams in real time, today revealed that it has raised a $9.5 million Series A round. The news comes almost exactly 2 years after the company revealed its $5.5 million seed round. Seraphim Capital, which specializes in space tech investments, led this brand-new round. New financiers Refinery Ventures, LG Technology Ventures and Kodem Development, along with existing investors OurCrowd, 8VC, Verizon Ventures and Motorola Solutions Venture Capital also participated.
“Our objective is to guarantee positive human results throughout life-saving missions,” states Edgybees co-founder and CEO Adam Kaplan. “Our brand-new partners will be key to continuing to press our mission forward. With their distinct market competence, we are poised to expand our international footprint and drive development within the market. We look forward to the next phase of development, satisfying the critical demands of the defense, public security and important facilities markets.”
Utilizing the business’s Visual Intelligence Platform, users can quickly sign up and track properties in video shot by a drone, for example. The basic use case here would be to help first responders get an accurate image of a progressing emergency on top of live images from the scene, with the capability to track all of their properties and workers in genuine time. Edgybees has actually likewise revealed other usage cases that range from tracking and picturing golf video games to insurance and defense use cases.
About a year ago, Edgybees, which had its start in Israel but is now based in San Diego, launched its Argus platform, that makes it much easier for users to bring their own drone and other live video platforms to the service’s geo-registration engine.
Image Credits: Edgybees”Edgybees fixes a huge issue in spatial computing: How do you really understand what you are translucenting fast-moving air-borne or other video feeds? Edgybees combines the genuine and virtual worlds and assists very first responders save lives, commercial drone users save money and defense groups get the objective done,” OurCrowd CEO Jon Medved explained.
Likewise, Seraphim handling partner and CEO Mark Boggett noted that he thinks of Edgybees as a Google Maps merged with live video. “Their geo-referencing ability is a development technology that brings a new level of insight and usability to video streams from area, drones or bodycams. We are extremely thrilled about Edgybees, not only for the development it gives public safety and defense, but because of its ability to be used in a wide range of industries,” he said.
Image Credits: Edgybees
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.
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