The funding round was led by TPY Capital, with investors that include RDC (the joint venture of Israeli clean tech company Elron and Israeli defense tech firm Rafael) and MediaTek Ltd.
OneView plans to accelerate its product development and foster partnerships with companies in the field, including satellite firms and organizations providing business intelligence services based on aerial image analysis.
“There is a huge amount of satellite and aerial photography today,” said Dor Herman, co-founder and CEO of OneView. “The virtual data we provide speeds up the algorithm training process, enabling better quality insights from satellite and aircraft photography.”
Founded just a year ago, OneView’s technology produces advanced labeling computer simulations designed to train artificial intelligence algorithms. Companies that use OneView’s platform can decode photos faster, and gain more and better insights from the gathered information.
While most algorithm training process relies on a long, manual tagging process for many human errors and on real photographs, OneView’s platform uses 3D virtual worlds to produce realistic-looking virtual photos, according to its customers’ needs, enabling reliable results in a fraction of the time.
“Today there is a growing demand for geospatial data that can enhance and upgrade business capabilities. OneView’s product fits right into this slot,” said Guy Yamin, Managing Partner at TPY Capital. “We’ve seen that OneView’s founding team is made up of very high-level technology professionals. They have no competitors when it comes to knowledge and understanding in satellite imaging and aircraft decoding.”
OneView plans to create a comprehensive solution for reliable and efficient collection of accurate intelligence. There is a significant increase in the use of aerial imaging systems, and the company aims to provide advanced tools that will enable companies to analyze the vast amount of data available to them and to generate significant insights.
“OneView’s talented team impressed us, and we think their unique technology will change the rules of the game,” said Kobe Katz, VP and CIO of Rafael, and a member of the board at RDC. This is also reflected in the unique advantage of the partnership with Elron through the RDC, which allows us to support product development, to provide knowledge in the field of artificial intelligence and to assist in security relations. “