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Not just Elon Musk: Investment in spacetech takes off

OurCrowd hosts Lieut. Gen. H.R. McMaster and expert guests online on Jan. 24

Some of the answers to Earth’s most pressing problems are being downloaded from the skies.

For years, space has been the province of government agencies and military forces. Today, advances in communications, GPS and other satellite-based technology have opened up the skies to private investment – led by Elon Musk’s SpaceX.

Beyond telecommunications, navigation and mapping services, space is primed for further commercial exploration, from harvesting energy to advanced Earth imaging to map crops, water and emergencies.

On Jan. 24, OurCrowd will host a star-studded discussion of this new frontier of SpaceTech investing. Guests include former US National Security Advisor Lieut. Gen. H.R. McMaster; leading SpaceTech venture investor Mark Boggett of Seraphim Capital; Steve Kitay, senior director of Azure Space at Microsoft; Adam Kaplan, CEO of Edgybees; and Raz Itzhaki, founder and CEO of NSLComm.

The flood of visual data, from aircraft, drones and Earth imaging satellites is hard to use for sensitive emergency or security situations when the imagery is off by tens or hundreds of meters and missing geographical context.

Edgybees’ AI-driven software aligns data from satellites or aerial sensors to the real world with unprecedented speed and location accuracy. It fuses computer vision, multi-sensor data analytics, and 3D video generation to provide a visual layer of highly accurate, real-time information. The platform is used by emergency services, national defense forces and other critical agencies for whom accuracy can mean the difference between life and death.

Edgybees was deployed to save lives in hurricanes and the California and Australia wildfires, and used in missions by the US Department of Defense. The company has partnerships with Microsoft and Amazon and a roster of customers that includes the US Air Force, Palantir, BAE Systems, Accenture, and Verizon 5G Labs.

“The public safety and defense industries need the most cutting-edge technological tools at their disposal to make critical, life-saving decisions with speed and accuracy,” says CEO and co-founder Adam Kaplan.

One of the key parameters for building the Metaverse is accurate location data linked to satellite imagery. Edgybees’ technology can have an important role to play in this evolving infrastructure.

NSLComm, based at Airport City in central Israel, hopes to extend the internet to the half of the planet that remains unconnected, by equipping tiny satellites 13 inches in length with unique folding antennas that offer fast, reliable and affordable communications even in the most remote places on Earth.

NSLComm has developed a satellite antenna that unfolds into a dish shape only after it has entered orbit, allowing the use of nanosatellites, which are much smaller and less expensive than regular space payloads.

“The need to have reliable communication is more important now than ever,” says Raz Itzhaki, a nanosatellite expert who spent two decades at Israel Aerospace Industries and is the co-founder and CEO of NSLComm. “We believe everyone has the right to be connected.”

Investing in SpaceTech: Startups That Bring Sci-Fi Down to Earth will be held online on Monday, January 24, at 8PM Israel time. Register HERE.

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