Blackshark.ai, an Austria-based company that provides planetary insights by automatically extracting information from satellite imagery, raised $20 million (approx €17.47M) in a Series A of funding.
The round was co-led by Microsoft’s venture fund M12 and Point72Ventures both joining a syndicate with existing investor Markus Wagner, founder of i5invest.
The proceeds from this round will help the company accelerate its platform’s accessibility across industries by ramping up the global go-to-market team as well as data scientists and developers.
Company: Blackshark.ai GmbH
Raised: $20.0M
Round: Series A
Funding Month: November 2021
Lead Investors: Microsoft’s venture fund M12 and Point72Ventures
Additional Investors: Markus Wagner
Company Website: https://blackshark.ai/
Software Category: Digital 3D map of the infrastructure of the entire planet
About the Company: Founded in 2020 by Brad Young, Michael Putz, and Thomas Richter, Blackshark.ai provides a 3D digital twin of Earth by extracting information from satellite imagery and reconstructing detected attributes in photorealistic 3D. blackshark.ai provides powerful insights into the world by extracting information from satellite imagery fully automatically. A scalable artificial intelligence builds the core of the blackshark platform, detecting features with incredible precision and speed. Blackshark is also developing a Globe Plugin which is currently available in closed beta upon request.
Source: https://siliconcanals.com/crowdfunding/blackshark-ai-raises/