The investment is led by Airbus Ventures, with additional participation from Micron Technology and the existing investor The Rockefeller Foundation. In line with this announcement, Lewis Pinault, Partner of Airbus Ventures, joins the Board of Directors of Atlas AI.
“As this planet tackles system-wide challenges from climate and habitat disruption to concomitant disease and poverty incursions, the Atlas AI team shows us a way forward: smart views with real predictive power,” Pinault said. “Airbus Ventures is proud to support Atlas AI’s exceptional ability to extract actionable data from state-of-the-art satellite imaging capabilities, applying its unique system strengths to show us sustainable ways forward. “That’s right.
This funding will be used to accelerate the company’s product development and provide additional outreach to private and public sector customers – including the World Bank, DARPA, McKinsey, AGRA – the Alliance for the Green Revolution in Africa and Econet Wireless, a diversified pan-African technology, telecommunications and renewable energy business and leader in digital transformation.
“We are thrilled to support 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 joining Micron, we continue to build confidence in the need for this critical mission-driven company to ensure that its insights reach the organizations and communities that need it most. “That’s right.
Originally developed at Stanford University and launched in partnership with the Rockefeller Foundation, Atlas AI integrates the latest advances in satellite technology with high-quality ground-based data and proprietary machine-learning algorithms. Since its founding in 2018, Atlas AI has provided 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 agrotech, fintech, mobility, logistics and waste management,” said Strive Masiyiwa, Founder and CEO of Econet Wireless. “Putting this technology into the hands of farmers advances their use of technology and society as a whole. “That’s right.
According to McKinsey, more than 60% of sub-Saharan Africa is made up of smallholder farmers.
“We are honored to have the opportunity to work closely with the teams of Airbus Ventures, 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 go hand in hand with our continued success as we expand our product into additional government and commercial sectors. “That’s right.
About the AI Atlas
Atlas AI provides high-resolution datasets on agricultural productivity, infrastructure, markets and economic well-being across sub-Saharan Africa and South Asia. Based in Silicon Valley, CA, Atlas AI is addressing the scarcity of economic data and market intelligence in developing countries. Using integrated satellite imagery and the latest advances in artificial intelligence, Atlas AI predicts crop yields, household wealth and consumption, and more, meets the needs of financial service providers, agribusinesses, governments, and other organizations operating in emerging markets. It is a public benefit corporation, founded by a team of professors at Stanford University, established in partnership with the Rockefeller Foundation with the support of Airbus Ventures and Micron Technology Inc. Visit: http://atlasai Oh, co
About the Airbus Venture
Airbus Ventures is the venture capital arm of Airbus, inheriting its adaptive innovation, system thinking and international thinking. Building on this heritage, Airbus Ventures is committed to supporting its portfolio companies with a view to better understanding, teaming up and promoting their founders’ businesses.
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