AR platform Edgybees raises $9.5 million
Palo Alto-based Edgybees , a provider of real-time high precision geo-registration and visual augmentation of aerial video, announced $9.5 million in Series A Funding, led by Seraphim Capital, with participation from Refinery Ventures, LG Technology Ventures, Kodem Growth Partners, OurCrowd and Verizon Ventures. Existing investors include 8VC, Motorola Solutions Venture Capital and NFX.
Founded in 2017, Edgybees Visual Intelligence Platform provides “high-accuracy geo-registration and alignment of aerial video in real time.” The company enables rapid decision-making by visually augmenting roads, key landmarks and other mission-critical data on top of live video feeds, delivered through the Edgybees’ platform or by integrating with third-party systems. According to the company, this operational perspective dramatically reduces time-to-target and enhances team collaboration, situational awareness, and mission effectiveness.
“Our mission is to ensure positive human outcomes during lifesaving missions. Our new partners bring unique industry expertise that optimally positions the company to drive innovation and expand our global footprint. We look forward to our next phase of growth, meeting the crucial demands of defense, public safety, and critical infrastructure operators.” – Adam Kaplan, co-founder and CEO of Edgybees.
“The dual-use Edgybees solution is ideal for the commercial risk management and national security markets. Its ability to depict real-time data feeds allows operators, whether they be insurance adjusters or drone pilots, to make accurate, timely decisions. A game-changer that is perfect for our portfolio.” – Venture Partner, Refinery Ventures, Stephen Rodriguez.