Sightec Overview
Sightec develops Visual Intelligence for autonomous flights. Sightec’s product suite is based on computer vision and artificial intelligence technologies. It enables camera-based Visual Situation Awareness any time of the day or night, including vision-based navigation, detection & tracking of ground objects and 3D change detection – all entirely GPS free. At the forefront of Sightec’s offerings is NavSight, a visual navigation system (GPS-free) designed for safe and critical drone missions. NavSight uses advanced machine-vision and AI to process the drone's camera feed (RGB, thermal) and provides it with visual positioning for navigation in GPS denied environments. Sightec’s clients include governments, OEMs, system integrators and service providers in a wide range of drone applications including aerospace & defense, HLS, security, inspection and delivery. Sightec's vision is to unleash the great potential of the autonomous flights mass market by augmenting (and ultimately) replacing the human pilot with an lightweight and affordable Visual Situation Awareness solution.
Cumulative Funding Raised Over Time ($)
$2.0MApr 2019
$3.7MJun 2021
Latest News
growth-positive
ParaZero and Sightec Partner to Develop Revolutionary Safety Solution for Drones & Urban Air Mobility Aircraft
ParaZero has partnered with Sightec to develop advanced safety systems for drones and urban air mobility vehicles. The partnership aims to create a benchmark solution for enhanced mission containment and ground risk mitigation. Sightecs NavSight AI-powered computer vision solution will be integrated with ParaZeros SafeAir autonomous parachute recovery systems, providing visual situational awareness and GPS-free navigation. The combined technology will offer enhanced containment capabilities, optimized parachute deployment, independent flight termination systems, and more. The collaboration will enable rapid innovation and testing in the drone and urban air mobility industries. ParaZero is a world-leading developer of autonomous drone safety systems, while Sightec develops computer vision and AI solutions for unmanned aerial missions.
Partners
growth-positive
Largest-ever funding round from the European Innovation Council Accelerator with 99 innovative companies set to receive EUR 627 million
The EIC Accelerator has selected several innovative companies to receive grants and/or equity investments. The selected companies are working on projects such as smart reusable packaging, data-driven drug discovery, biodegradable textile fibers, and more. The companies span 21 countries and include both established and widening countries. The demand for EIC equity investments is high, with 65 out of 99 companies requesting investments totaling up to EUR 414 million. The companies will receive grant financing in the coming months, while the equity investments may take longer to implement. The EIC Accelerator continues to accept ideas from start-ups and SMEs.
Investment
growth-positive
Cohort and partners announced for the Future of Air Mobility Accelerator programme - Connected Places Catapult
Connected Places Catapult has announced the selection of 11 SMEs to join the first cohort of the Future of Air Mobility Accelerator programme. The five-month programme, in partnership with UK Research and Innovation’s Future Flight Challenge, is focused on scaling disruptive technologies in areas of Data Driven Aviation, Smart Airports and Advanced Air Mobility. The SMEs will receive support from a consortium of industry partners, academic institutions and regulatory bodies, including Supernal, GKN Aerospace, UK Civil Aviation Authority, Heathrow Airport, AGS Airports, BSI, Cranfield University and Coventry University.
PartnersExpand
growth-positive
In 'first,' delivery drone gets to destination in Israel without GPS signal
Israeli startup Sightec has achieved a worldwide first by successfully flying a civilian drone to its destination without GPS navigation tools. The test flight was part of a tender issued by the Israeli Ministry of Transport and other authorities to test and demonstrate drone technologies. Sightecs software, called NavSight, uses computer vision and artificial intelligence to enable drones to see and understand their surroundings like a human pilot. The software turns the drones camera into a smart sensor, allowing it to identify its location in real time. The success of the test is a significant milestone towards the approval of drone delivery operations in Israel.
Partners
growth-positive
Drone Vision Startup Sightec Raises $2 Million
Tel Aviv-based computer vision startup Sightec has raised $2 million in seed funding from Sherpa InnoVentures and Playfair Capital. Sightec develops an artificial intelligence and computer vision-based spatial navigation system for autonomous aerial vehicles. The funding will be used to expand the team and for research and development purposes. Assaf Shechner, former director of products at Mobileye, has been appointed as vice president of product.
InvestmentManagement ChangesExpand
| Sector | Aerospace, Defense & HLS |
Funding
| Total funding | $7.3M |
| Last funding | $300K |
| Stage | Seed |
| Rounds | 5 |
| Investors | 4 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | www.sightec.com |
| Careers | Careers page |
Locations
Abba Hillel Silver Rd 12, Ramat Gan, Israel
Photos & Videos
5 item(s)
Sightec Business
Business models
B2G, B2B
Product stage
Released
Employees
11-50
Sector
Aerospace, Defense & HLSSpace TechCommunication & NavigationDefense & HLS SolutionsSecurity & Surveillance IntegrationTarget Customer
Industrial ManufacturingDiscrete IndustriesAerospaceDefense, Safety & SecuritySecurityHomeland SecurityGovernment & CityCore Technology
SensingInfraredOpticMachinery & RoboticsDronesArtificial IntelligenceImage RecognitionComputer VisionTags (21)
thermal-imagingdeliverydual-useobject-recognitionhomeland-security3d-imagingdetectionimage-recognitioncomputer-vision3d-technologysurveillanceobject-trackingaerospaceartificial-intelligencedronesimage-processingunmanned-aerial-vehicledeep-learningsmart-mobilityoptronicssecurityGeographic Markets
GlobalSightec Financials
$7.3M
Total funding
Undisclosed
Capital raised
$300K
Last funding
Seed
Funding stage
5
Total rounds
4
Investors
Cumulative Funding Raised Over Time ($)
$2.0MApr 2019
$3.7MJun 2021
Private Equity Funding
Convertible Debt
Jun 2021
$1.7M
Sherpa InnoVentures, SIBF VC, Playfair Capital
Seed
Apr 2019
$2M
Sherpa InnoVentures, OXen9, Playfair Capital
Non-Equity Funding
GrantEvent
Feb 2024
$300K
GrantEvent
Dec 2022
$2.7M
GrantEvent
Jan 2020
$600K
Sightec Lifecycle
Cumulative Funding Raised Over Time
$2.0MApr 2019
$3.7MJun 2021
All Events
Convertible Debt
Jun 2021
$1.7M
Sherpa InnoVentures, SIBF VC, Playfair Capital
Seed
Apr 2019
$2M
Sherpa InnoVentures, OXen9, Playfair Capital
GrantEvent
Feb 2024
$300K
GrantEvent
Dec 2022
$2.7M
GrantEvent
Jan 2020
$600K
Sightec News
8 articles
growth-positive
ParaZero and Sightec Partner to Develop Revolutionary Safety Solution for Drones & Urban Air Mobility Aircraft
ParaZero has partnered with Sightec to develop advanced safety systems for drones and urban air mobility vehicles. The partnership aims to create a benchmark solution for enhanced mission containment and ground risk mitigation. Sightecs NavSight AI-powered computer vision solution will be integrated with ParaZeros SafeAir autonomous parachute recovery systems, providing visual situational awareness and GPS-free navigation. The combined technology will offer enhanced containment capabilities, optimized parachute deployment, independent flight termination systems, and more. The collaboration will enable rapid innovation and testing in the drone and urban air mobility industries. ParaZero is a world-leading developer of autonomous drone safety systems, while Sightec develops computer vision and AI solutions for unmanned aerial missions.
Partners
growth-positive
Largest-ever funding round from the European Innovation Council Accelerator with 99 innovative companies set to receive EUR 627 million
The EIC Accelerator has selected several innovative companies to receive grants and/or equity investments. The selected companies are working on projects such as smart reusable packaging, data-driven drug discovery, biodegradable textile fibers, and more. The companies span 21 countries and include both established and widening countries. The demand for EIC equity investments is high, with 65 out of 99 companies requesting investments totaling up to EUR 414 million. The companies will receive grant financing in the coming months, while the equity investments may take longer to implement. The EIC Accelerator continues to accept ideas from start-ups and SMEs.
Investment
growth-positive
Cohort and partners announced for the Future of Air Mobility Accelerator programme - Connected Places Catapult
Connected Places Catapult has announced the selection of 11 SMEs to join the first cohort of the Future of Air Mobility Accelerator programme. The five-month programme, in partnership with UK Research and Innovation’s Future Flight Challenge, is focused on scaling disruptive technologies in areas of Data Driven Aviation, Smart Airports and Advanced Air Mobility. The SMEs will receive support from a consortium of industry partners, academic institutions and regulatory bodies, including Supernal, GKN Aerospace, UK Civil Aviation Authority, Heathrow Airport, AGS Airports, BSI, Cranfield University and Coventry University.
PartnersExpand
growth-positive
In 'first,' delivery drone gets to destination in Israel without GPS signal
Israeli startup Sightec has achieved a worldwide first by successfully flying a civilian drone to its destination without GPS navigation tools. The test flight was part of a tender issued by the Israeli Ministry of Transport and other authorities to test and demonstrate drone technologies. Sightecs software, called NavSight, uses computer vision and artificial intelligence to enable drones to see and understand their surroundings like a human pilot. The software turns the drones camera into a smart sensor, allowing it to identify its location in real time. The success of the test is a significant milestone towards the approval of drone delivery operations in Israel.
Partners
growth-positive
Drone Vision Startup Sightec Raises $2 Million
Tel Aviv-based computer vision startup Sightec has raised $2 million in seed funding from Sherpa InnoVentures and Playfair Capital. Sightec develops an artificial intelligence and computer vision-based spatial navigation system for autonomous aerial vehicles. The funding will be used to expand the team and for research and development purposes. Assaf Shechner, former director of products at Mobileye, has been appointed as vice president of product.
InvestmentManagement ChangesExpand
Crystal clear imagery from the clouds: Alpha Unmanned Systems teams with Sightec for image stabilization and object tracking. Alpha Unmanned Systems
growth-positive
Alpha Unmanned Systems and Sightec Form Partnership
Alpha Unmanned Systems gasoline-powered helicopter drone, the Alpha 800, now features Sightec software that enables it to capture crisper images and detect moving objects. The software eliminates vibrations on multiple axes, making the recorded images easier to analyze. This advancement is beneficial for applications such as border surveillance and infrastructure inspection. The use of Sightec significantly reduces the man-hours previously required for detecting moving objects. The Alpha 800, flying at 1,100 meters altitude over Jaén, Spain, captured crystal clear imagery. This technology improvement is expected to drive growth for Alpha Unmanned Systems.
Customers
READY TO FLY! DELIVERY OF NEW ALPHA 800 UAVs TO ISRAEL! Alpha Unmanned Systems
Sightec Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 22 |
| Team members | 3 |
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Sightec Internal
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Admin Info
| Confidence | 98/100 |
| Missing | markets |
| Registrar ID | 513740738 |
| Crunchbase | sightec |
| Last updater | Ayelet Levi Shinebox |
| Updater email | ayeletlevis@sncentral.org |
| Last update | 2024-01-01T00:00:00.000Z |
| Created | 2014-12-07T00:00:00.000Z |
| Claimed | Yes |