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Government CIO Outlook | Wednesday, April 15, 2020
This public benefit corporation, which was initially developed at Stanford University by a team of professors and launched in partnership with The Rockefeller Foundation, integrates the latest advances in satellite technology with high-quality ground-truthed data and proprietary machine-learning algorithms
Fremont, CA: Atlas AI, a budding leader in delivering economic and agricultural insights, has raised $7M in Series A round of financing. The funding round was led by Airbus Ventures, the venture capital arm of Airbus with additional participation from Micron Technology and existing investor, The Rockefeller Foundation. In conjunction with the funding event, Lewis Pinault, Partner of Airbus Ventures, will join Atlas AI's Board of Directors soon. The proceedings of the round will be used to accelerate the company's product development and drive additional outreach to private and public sector customers—including the World Bank, DARPA, McKinsey, and AGRA—the Alliance for Green Revolution in Africa, and Econet Wireless, a diversified pan-African technology, telecom, and renewable energy business and leader in digital transformation.
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"As this planet grapples with system-wide challenges from climate and habitat disruption to concomitant disease and poverty incursions, the Atlas AI team shows us a way forward: intelligent views with real predictive power," Pinault noted. "At Airbus Ventures, we're proud to support Atlas AI's exceptional ability to extract actionable data from cutting-edge satellite imaging capabilities, applying its unique system strengths to showing us sustainable ways forward."
[vendor_logo_first]"We're thrilled to be supporting the ongoing success of the Atlas AI team," said Zia Khan, Senior Vice President of Innovation at The Rockefeller Foundation. "By securing this new round of investment led by Airbus Ventures and joined by Micron we continue to gain confidence in the need for this critical mission-driven company to ensure its insights reach the organizations and communities that need it most."
This public benefit corporation, which was initially developed at Stanford University by a team of professors and launched in partnership with The Rockefeller Foundation, integrates the latest advances in satellite technology with high-quality ground-truthed data and proprietary machine-learning algorithms. Since its founding in 2018, Atlas AI has produced actionable insights into agricultural yield and economic development.
"Our partnership with Atlas AI has strengthened our AI capabilities in key business areas for our group, including mobility, logistics, agritech, fintech, and waste management," noted Strive Masiyiwa, Founder and CEO of Econet Wireless. "Putting this technology in the hands of farmers advances their use of tech and society as a whole."
"We are honored to have the opportunity to work closely with the teams at Airbus Ventures, The Rockefeller Foundation and Micron Technology," said Victoria Coleman, CEO of Atlas AI. "We are confident that their own collective guidance and expertise in AI, data analytics, and global development can dovetail to ours to grow our continuing success as we extend our product into additional government and commercial sectors."
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