Funding by OurCrowd, Verizon Ventures, Motorola Solutions Venture Capital, and 8VC will enable expansion into new verticals, including defense, smart cities, automotive and broadcast media.
February 28, 2018 – SANTA CLARA, CA – Edgybees, whose technology enables augmented reality (AR) on high speed platforms like drones and cars, and whose First Response app has been used by emergency teams responding to the Northern California wildfires and post-hurricane flooding in Florida, today announced the completion of a $5.5 million seed round. The round included Motorola Solutions Venture Capital, and Verizon Ventures. Venture firms OurCrowd, 8VC, NFX, and Aspect Ventures also participated.
The Company will use the funding to bring its AR technology to new verticals, including defense, smart cities, automotive, and broadcast media.
Edgybees enables developers to create realistic, immersive experiences that layer three dimensional visuals over live video from fast-moving cameras. Its patent-pending algorithms data streams from cameras mounted on cars, aerial platforms, or body-worn accessories and can maintain virtual overlays locked against the real world.
Edgybees technology was first applied to an AR racing game for drones, released in conjunction with drone leader DJI in early 2017. Later that year, Edgybees released First Response, a drone-flying app being used by emergency responders to orient themselves in confusing environments and to better track rapidly evolving circumstances. The drone flying app was first used by officials operating in the Florida Keys in the aftermath of Hurricane Irma, where they leveraged mapping overlays to identify distress calls in flooded areas. First Response was most recently used by local authorities to keep fireman out of harm’s way, during the Northern California fires last October.
Co-founder and CEO Adam Kaplan says, “What started as technology powering a racing game is now saving lives around the world. The overwhelming response by commercial and industrial drone users looking to leverage AR, and partner with us in the fields of fire, public safety, and search & rescue has been amazing, and we can’t wait to expand the next set of drone applications into new markets.”
OurCrowd CEO Jon Medved says, “At OurCrowd we are particularly happy to invest in groundbreaking tech companies who believe they will change the world. What makes EdgyBees so special is that they have already demonstrated that their drone software can save lives in addition to making software history by enabling Augmented Reality at high speed.”
Verizon Ventures’ Merav Rotem-Naaman says, “Edgybees’ technology aims to bring AR to much more challenging circumstances than currently possible – on fast-moving outdoor devices like drones and cars. As a leader in both fleet management for cars and drones, as well as in immersive consumer digital experiences, Verizon Ventures is excited to back this technology.”
Edgybees allows developers to create realistic, immersive experiences that layer three dimensional visuals over live video from fast-moving cameras. Its patent-pending algorithms ingest data streams from cameras mounted on cars, aerial platforms, or body-worn accessories and can maintain virtual overlays locked against the real world.
Motorola Solutions Chief Technology Officer Paul Steinberg says, “Motorola Solutions is committed to exploring technology-driven solutions to our customers’ challenges. We see powerful potential for Edgybees’ AR software to help us deliver rich, real-time intelligence to public safety and commercial users during the moments that matter.”
The Edgybees founding team includes CEO Adam Scott Kaplan; who co-founded and served as an executive in technology companies including Xennex Inc. (acquired by Biotime Inc.), Athoc (acquired by Blackberry), and Digital Guardian and Tonian (acquired by Primary Data); CTO Menashe Haskin, who formally managed the Israeli development office of Amazon Prime Air and holds over 35 US patents in the fields of aerospace, video and vision processing, data processing and communication; and Director of Platform Nitay Megides, a robotics and drone expert, who served in the elite Israeli Defense Forces 8200 Unit, and specializes in drone hardware and software design and architecture.
Edgybees Ltd. created the world’s first augmented reality development platform for fast-moving platforms like cars, airplanes and UAS, and body-worn accessories. Edgybees is headquartered in Israel and has offices in Europe and the United States. For more information, visit www.edgybees.com.