Autonomous situational awareness for UAS start-up Sightec raises $2m for development
TEL AVIV, Israel - Tel Aviv-based start-up Sightec has completed a $2 million seed round led by Sherpa InnoVentures and Playfair Capital. Sightec develops a visual situation awareness system which is based on computer vision and AI technologies. The system enables autonomous flying vehicles to navigate, land and perform complex analytics tasks in real-time and with high accuracy, without relying on GPS. Israel Aerospace Industries (IAI) is one of the company’s major clients.
Mimicking the human’s orientation capability that allows us to understand where we are based on what we see, Sightec’s system gives flying vehicles the ability to analyze its changing surroundings accurately and in real-time, without relying on outside connectivity. Sightec was founded based on research led by Prof. Joseph Francos, head of the Signal Processing track at Ben Gurion University and Sightec’s CTO. Sightec’s technology is serving various types of autonomous flying vehicles, including drones and UAVs and more recently also the emerging category of the flying taxi.
“We are entering the decade of autonomous flights” said Roy Shmuel, Sightec’s CEO. “The commercial drones market is becoming more autonomous with drones that are capable of performing complex tasks that were impossible before, like inspection of critical infrastructure and delivery of goods. The next big aviation project is Urban Air Mobility or the flying taxi. Over the past few years major players like Uber, Airbus and Boeing have introduced the first flying taxi models. What was seen as science fiction is becoming a reality that will change the future of mobility.”
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