# EdgyBees

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

- Industry: Software
- Headquarters: Gaithersburg, US
- Website: www.edgybees.com
- Total disclosed funding: $16M
- Latest round: Series A (Feb 17, 2021)
- Investors on record: 11

## About

Based in the US, EdgyBees, Ltd. operates as a provider of AI-enhanced software that improves aerial video and satellite imagery accuracy for commercial and government sectors.EdgyBees, Ltd. specializes in aerial imagery solutions, founded in 2016 in Gaithersburg, US by Adam Kaplan, Menashe Haskin, and Nitay Megides. The company has successfully raised USD 9.5 mn in its Series A funding round on February 17, 2021, led by Seraphim Space Manager with participation from multiple investors, including 8VC and LG Technology Ventures. Mr. Adam Kaplan continues to serve as the CEO.EdgyBees specializes in providing an automated, AI-powered software solution designed to enhance the accuracy and reliability of aerial video and satellite imagery for both commercial and government sectors. The core product offering includes software that improves geographical positioning, achieving enhanced precision down to 1-3 meters. This software integrates seamlessly into existing technology stacks and operational workflows, making it particularly valuable for intelligence analysts who require timely and informed decision-making capabilities. The end-users of EdgyBees' services include defense and intelligence agencies, emergency response teams, and organizations within sectors such as agriculture, urban planning, and disaster management. The company serves clients in various geographical markets, including North America, Europe, and parts of Asia, addressing the need for precise situational awareness in real-time.While specific revenue figures for EdgyBees are not publicly disclosed, the company's revenue structure is likely derived from B2B transactions involving software subscriptions and partnerships with government and commercial clients. These clients engage with EdgyBees to access its core software solution, which allows for the real-time alignment of imagery and location data. Transactions may be structured around licensing agreements or subscription models, where clients pay for ongoing access to the software and its updates. The pricing strategy is geared towards providing a cost-effective solution for organizations that require high-accuracy visualization of satellite and aerial data, thereby facilitating better decision-making in critical situations. Specific product offerings, such as their flagship solution for enhanced video and imagery accuracy, play a significant role in establishing ongoing client relationships and driving revenue growth.Following the recent Series A funding of USD 9.5 mn in February 2021, EdgyBees, Ltd. plans to utilize this capital to drive product innovation, expand global adoption, and support an aggressive hiring strategy. The company is focusing on the development of new products aimed at improving their existing software capabilities. Additionally, EdgyBees is targeting expansion into emerging markets in Europe and Asia by the end of 2023, with strategies in place to enhance their service offerings and market presence in these regions.

## Funding rounds

- Series A, Feb 17, 2021, $9.5M — Seraphim Space Manager, Motorola Solutions Venture Capital, Verizon Ventures, OurCrowd, 8VC, NFX, Refinery Ventures, Kodem Growth Partners, LG Technology Ventures
- Series A, May 18, 2020, $1.4M — OurCrowd, TechNexus Venture Collaborative, Kodem Growth Partners
- Seed, Feb 28, 2018, $5.5M — Motorola Solutions Venture Capital, Verizon Ventures, Aspect Ventures, OurCrowd, 8VC, NFX
- Seed, Oct 2, 2017 — NFX

## Investors

- NFX (https://capitalatlas.ai/funds/nfx) — Seed, Series A
- Motorola Solutions Venture Capital (https://capitalatlas.ai/funds/motorola-solutions-venture-capital) — Seed, Series A
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Seed, Series A
- Aspect Ventures (https://capitalatlas.ai/funds/aspect-ventures) — Seed
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Seed, Series A
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed, Series A
- TechNexus Venture Collaborative (https://capitalatlas.ai/funds/technexus-venture-collaborative) — Series A
- Kodem Growth Partners (https://capitalatlas.ai/funds/kodem-growth-partners) — Series A
- Seraphim Space Manager (https://capitalatlas.ai/funds/seraphim-space-manager) — Series A
- Refinery Ventures (https://capitalatlas.ai/funds/refinery-ventures) — Series A
- LG Technology Ventures (https://capitalatlas.ai/funds/lg-technology-ventures) — Series A