Austria

[Funding alert] Graz-based blackshark.ai Extends Series A with an Extra €13.8 Million in Funding

Nov 17, 2023 | By Startup Rise EU

Graz-based blackshark.ai extends series A with an extra €13.8 million in funding. Existing investors Point72 Ventures, M12 Microsoft’s Venture Fund, and Maxar are joined by In-Q-Tel (IQT), Safran, ISAI Cap Venture, Capgemini’s VC Fund managed by ISAI, Einstein Industries Ventures, Interwoven Ventures (formerly ROBO Global Ventures), Ourcrowd, Gaingels and OpAmp Capital.

Graz-based blackshark.ai extends series A with an extra €13.8 million in funding. Existing investors Point72 Ventures, M12 Microsoft’s Venture Fund, and Maxar are joined by In-Q-Tel (IQT), Safran, ISAI Cap Venture, Capgemini’s VC Fund managed by ISAI, Einstein Industries Ventures, Interwoven Ventures (formerly ROBO Global Ventures), Ourcrowd, Gaingels and OpAmp Capital.

With this latest funding, blackshark.ai is strategically positioned to advance their mission of expanding their 3D high-frequency mapping and geospatial intelligence capabilities offering immense value across a diverse range of sectors and addressing their challenges on a global scale.

The funding will be allocated to support strategic technology developments and to bolster blackshark.ai’s sales and marketing activities.

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Michael Putz, CEO of blackshark.ai, states, “The new partnerships strengthen our vision to democratize high-frequency 3D mapping applications across an extensive range of geospatial use cases, both public and private.”

Originating from the dynamic world of video gaming, blackshark.ai emerged as a pioneer offering government and commercial clients dynamic, high-frequency 3D mapping, geospatial intelligence, and valuable insights, empowering them to make informed, strategic decisions.

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At the core of blackshark.ai’s innovation is a platform that seamlessly transforms massive volumes of raw data from satellite and aerial imagery into semantically labelled geospatial Digital Twins.

This ground-breaking software not only facilitates rapid and accurate object detection and classification at scale without the need for extensive, costly, and time-consuming training data, but also enables comprehensive analysis of land use and land cover.

Read also - Amsterdam-based Grocery App Crisp Secures €35 Million in Funding

Lucia Sinapi-Thomas, Capgemini Ventures Managing Director, states that:  “blackshark.ai’s technology has shown great potential for applications in renewables, critical infrastructure monitoring, real estate property management, urban planning, and autonomous vehicles, among many others.”

Safran Corporate Ventures’ CEO, Florent Illat adds, “blackshark.ai’s expertise in high-frequency mapping using satellite imagery unlocks new potential for Safran’s development in Position, Navigation, and Timing applied to all domains such as autonomous or collaborative missions as well as training and simulation.”

Jana Hecker from Einstein Industries Ventures states: “We believe blackshark.ai is a category-defining software company operating in the fast-growing GEOINT market and with the potential to deliver key digital twin capabilities to industries in the IoT era.”

About Blackshark.ai

Blackshark.ai empowers organizations to harness unmatched intelligence and insights to address a wide range of global challenges, including security, environmental conservation, urban planning, critical infrastructure monitoring, disaster response and humanitarian aid.

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