Atlan Space raises $1.1m from Maroc Numeric Fund II
Atlan Space has announced that it has raised MAD 10 million (about $1.1 million) from Maroc Numeric Fund II.
Atlan Space develops artificial intelligence to guide unmanned aircrafts (UAVs) in their data collection and tracking missions over large geographical areas. This technology enables governments and institutions to fight environmental crime and assist vulnerable populations.
Badr Idrissi, CEO of Atlan Space said, “Atlan Space is developing artificial intelligence to enable UAVs to carry out tracking missions in total autonomy and without human intervention. This is for humanitarian purposes or to fight environmental crimes such as illegal fishing or deforestation.”
Atlan Space has commercial contracts in the Seychelles, Niger and Morocco. It has already completed a first round of seed funding in 2019 with the Norwegian Katapult Ocean Fund.
This is the third investment of the new fund Maroc Numeric Fund II and the 20th investment of its management team, taking into account the investments made by the fund Maroc Numeric Fund I, which is now in a divestment phase.
Dounia Boumehdi, managing director of MITC Capital, the management company of Maroc Numeric Fund II said, “The fund management team is proud to support Atlan Space, a Moroccan startup that is the result of many years of R&D in artificial intelligence, and which has a proven technology with several clients internationally and in Morocco, with a high environmental and humanitarian impact.”
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