Beyond Ventures-led funding enables Robotics Cats to help protect forests, national parks and UNESCO World Heritage sites around the world
Tuesday, July 07, 2020
(Press Release) – A HK$6 million investment led by Hong Kong-based venture capital fund Beyond Ventures is enabling a Hong Kong company to help protect over 4 million hectares of forest around the world.
Robotics Cats is a global leader in detecting wildfires at an early stage and serves national parks, UNESCO World Heritage sites and private plantations with its InsightFD Early Wildfire Detection System. This is a network of InsightFD robots linked to the Insight Globe management platform in a typical wildfire control centre.
InsightFD robots constantly rotate and scan for visual and thermal signals of burning vegetation using sensors, while an image-detection system combined with an artificial intelligence (AI) algorithm are able to detect wildfires within a distance of 15 kilometres.
The new Series A round funding from Beyond Ventures will be channelled into R&D, as well as sales and operational functions. It will also finance development of applications and a push into new markets in geographies as far flung as Australia, Spain, Greece, the US, Brazil and Chile.
