Israel's Edgybees completes Series A funding round

The company supplies an engine that augments, in real time, video streams from drones. The company works with security companies and first responders in the US   

Edgybees, a company that helps first responders and military users precisely geotag their aerial video streams in real time, announced that it has raised $9.5 million in a Series A round. 

The news came almost two years after the company announced its $5.5 million seed round. Seraphim Capital, which specializes in space tech investments, led the new round. New investors LG Technology Ventures, Refinery Ventures, and Kodem Growth, as well as existing investors Verizon Ventures, 8VC, OurCrowd, and Motorola Solutions Venture Capital also participated.

"Our mission is to ensure positive human outcomes during life-saving missions,” said Edgybees co-founder and CEO Adam Kaplan. "Our new partners will be key to continuing to push our mission forward. With their unique industry expertise, we are poised to expand our global footprint and drive innovation within the industry. We look forward to the next phase of growth, meeting the critical demands of the defense, public safety and critical infrastructure markets."

Using the company’s Visual Intelligence Platform, for example, users can easily register and track assets in video filmed by a drone. The standard use case in this instance would be to help first responders get an accurate picture of an evolving emergency on top of live images from the scene, with the ability to track all of their assets and personnel in real time. About a year ago, Edgybees, which had its start in Israel but is now based in San Diego, launched its Argus platform.