# ATLAN Space

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/atlan-space

- Industry: Aerospace
- Headquarters: Rabat, Morocco
- Website: www.atlanspace.com
- Total disclosed funding: $1.1M
- Latest round: Series A (Nov 3, 2020)
- Investors on record: 3

## About

ATLAN Space is a company focused on developing advanced AI solutions for the drone manufacturing and service sectors, providing innovative UAV technologies for diverse operational needs.Founded in 2016, ATLAN Space is headquartered in Rabat, Morocco. The company specializes in creating drones for mission-based autonomous operations, without any noted pivots in business strategy. CEO Badr Idrissi leads the firm, which has attracted investment through two funding rounds, including a Series A round in November 2020, raising MAD 10 million from investors like Maroc Numeric Fund, CADEX Group, and Freedman + Hilmi. The total amount raised by the company amounts to MAD 10 million.ATLAN Space develops advanced artificial intelligence solutions specifically for the drone industry. Their flagship products, ATLAN GEO and ATLAN Insight, support autonomous operations for applications such as land surveying and marine monitoring. These drones are capable of Beyond Visual Line of Sight (BVLOS) operations, catering to sectors like agriculture, mining, and disaster assessment, and serve a global client base across North America, Europe, and parts of Asia.In the most recent fiscal year, 2022, ATLAN Space reported no revenue with an EBITDA amount of MAD -193,152.7. Their revenue model hinges on direct sales and partnerships aimed at drone service providers and manufacturers, with pricing structures tailored to client-specific requirements.Following the MAD 10 million Series A funding secured on November 3, 2020, ATLAN Space plans to utilize this capital for expanding its product offerings and market reach. The company is working on new drone models aimed at enhancing capabilities and aims to penetrate additional markets in Europe and Asia by 2025. This funding will support ongoing research and development initiatives to streamline operations and broaden its customer base.

## Funding rounds

- Series A, Nov 3, 2020, $1.1M — Maroc Numeric Fund, CADEX Group, Freedman + Hilmi

## Investors

- Maroc Numeric Fund (https://capitalatlas.ai/funds/maroc-numeric-fund) — Series A
- CADEX Group — Series A
- Freedman + Hilmi — Series A