Lausanne, Switzerland – September 17, 2019 – Picterra, a geospatial software organization that enables users to extract satellite and drone imaging insights through a combination of artificial intelligence and human expertise, today announced $3.3 million in new funding that will help further democratize geospatial mapping data. The funding will go toward growing Picterra’s team and building upon its early successes, such as a community-built library of hundreds of deep learning models; reducing the training of deep learning models, and democratizing its geospatial mapping search engine.
Seed round investors include Space Capital, the world’s leading space investor; Omidyar Network, the impact investment firm established by Pam and Pierre Omidyar, the founder of eBay; Atlantic Labs; and another European venture capital firm.
Picterra’s platform is unique in that it’s driven by a community of users who pool their data and expertise to collectively create a continuously-improving library of deep learning algorithms. This approach gives everyone – not just data scientists and developers – the opportunity to analyze and draw real-time insights from satellite and aerial imagery, all in just a few clicks. And by enabling quicker and more accurate monitoring of the Earth’s surface, Picterra, its platform, and community of users further help geospatial technology address pressing issues, like climate change.
Picterra SA was founded in 2016 by Frank de Morsier and Pierrick Poulenas in Lausanne, Switzerland. Picterra is an AI-based SaaS platform that allows to interactively create a personalized AI detecting, localizing and counting any objects from satellite and aerial imagery, all in just a few clicks.
Space Capital is a seed-stage venture capital fund led by the world’s leading space investor and operator. We invest in the final frontier of technology and growth and partner with pioneering founders to solve the hardest problems on Earth and beyond. More at: spacecapital.com
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