# Bluespace.ai

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

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.bluespace.ai
- Total disclosed funding: $3.5M
- Latest round: Seed (Dec 13, 2019)
- Investors on record: 9

## About

Bluespace.ai, based in the US, develops advanced software solutions that enhance autonomous driving systems, specializing in 4D Predictive Perception technology and GPS-denied positioning systems for military and industrial applications.Bluespace.ai focuses on creating innovative solutions for autonomous navigation. Founded by Christine Moon and Joel Pazhayampallil, the company is headquartered in Palo Alto, US. In December 2019, Bluespace.ai secured USD 3.5 million in SEED funding, led by Fusion Fund, with participation from various other investors. The firm has participated in 2 total deals, with the recent funding being directed towards enhancing its technological offerings in critical sectors.Bluespace specializes in advanced software solutions centered around autonomous driving systems, particularly focusing on 4D Predictive Perception technology and GPS-denied positioning systems. Their flagship product, the BlueSpace Positioning System (BPS), provides high-accuracy relative positioning with a drift error rate of less than 0.3%, ensuring reliable navigation even in environments devoid of GPS signals. This technology is crucial for military and industrial applications, empowering robots and troops to maintain operational effectiveness during GPS outages, and has been successfully deployed in regions such as California, Texas, and Florida, serving clients including the U.S. Department of Defense.Bluespace generates revenue through strategic partnerships and collaborations, particularly with entities in the defense sector. Transactions primarily occur via direct B2B engagements, providing tailored software solutions to government and military clients, often through project-based contracts or ongoing service agreements. These partnerships may include grants, such as the USD 1.6 million awarded for the development of their 4D Predictive Perception Software for Autonomous Ground Systems. The pricing structure aligns with the complexity and scale of the deployment, reflecting the value of their innovative technological offerings.Bluespace.ai aims to leverage the USD 3.5 million raised in Seed funding to support the design and launch of new products, including enhancements to their 4D Predictive Perception technology. The company plans to expand its market reach into additional states across the US by 2021, targeting sectors where autonomous navigation systems are increasingly critical. The recent funding is expected to facilitate these initiatives, ensuring robust growth and development in the coming years.

## Funding rounds

- Seed, Dec 13, 2019, $3.5M — United Microelectronics Corporation, Atinum Investment, Wasabi Ventures, Plug and Play, Kakao Ventures, Fusion Fund, GDP Venture, Blue Ivy Ventures, SLV Capital
- Seed, Oct 17, 2019 — Plug and Play

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- United Microelectronics Corporation — Seed
- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Seed
- Wasabi Ventures (https://capitalatlas.ai/funds/wasabi-ventures) — Seed
- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Seed
- Fusion Fund (https://capitalatlas.ai/funds/fusion-fund) — Seed
- GDP Venture (https://capitalatlas.ai/funds/gdp-venture) — Seed
- Blue Ivy Ventures — Seed
- SLV Capital — Seed