Edgybees Announces Funding: $9.5 M in Series A Funding for Drone Ecosystem Player

Drone industry solution provider Edgybees has received $9.5 million in Series A funding as investor interest in the entire drone industry ecosystem continues.  Maryland-based Edgybees was started in 2017, and enables drone missions in defense, public safety, and critical infrastructure by providing high precision geo-tagging of real-time video feeds.

The latest announcement continues the trend of drone industry deals closed in the first few weeks of 2021: Terra Drone, DroneDeploy, and Wingcopter are some of the companies who have announced funding deals in 2021.

The Edgybees solution makes drone data more useful to a wide variety of industries.  Edgybees takes streame aerial video and gives it context – clarifying what stakeholders are seeing and enabling critical decisions.  “Assembling this information in real-time presents a tremendous advantage when controlling and overcoming dangerous circumstances,” says the Edgybees announcement.

Edgybees announces funding

 

 

 

Edgybees Visual Intelligence Platform™ provides the industry’s only high-accuracy geo-registration and alignment of aerial video in real time. The company’s unique approach 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. 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,” stated Adam Kaplan, co-founder and CEO of Edgybees. “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.”

A Game Changer

“Edgybees can be described a Google Maps fused with live video footage in real-time. Their geo-referencing capability is a breakthrough technology that brings a new level of insight and usability to video streams from space, drones or bodycams. We are very excited about Edgybees, not only for the innovation it brings to public safety and defense, but because its ability to be utilized in a wide range of industries,” said Seraphim Space Fund Managing Partner and CEO Mark Boggett.

Refinery Ventures Venture Partner, Stephen Rodriguez, and Managing Partner of One Defense, calls the Edgybees technology game-changing. “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.”

 

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