Home Artificial Intelligence ATLAN Space raises US$ 1.1M in Series A funding

ATLAN Space raises US$ 1.1M in Series A funding

ATLAN Space raises US$ 1.1M in Series A funding
ATLAN Space raises US$ 1.1M in Series A funding

ATLAN Space, a Morocco-based startup which utilises Artificial Intelligence (AI) to empower Unmanned Aerial Vehicles (UAVs) for tracking missions with autonomy has raised US$ 1.1 million (MAD 10 million) in Series A funding round held in November 2020. The round was led by Maroc Numeric Fund II, with participation from Hilmi Law Firm and Cadex Group.

Utilising its funding and technology, the platform helps governments and institutions fight environmental crime and support vulnerable populations. The company has many patents and has received the African Entrepreneurship Award in 2017. According to CNN, the company won National Geographic’s US$ 150,000 Marine Protection Prize in June for its pilot project to prevent illegal fishing in Seychelles.

ATLAN Space has commercial contracts in Seychelles, Nigeria and Morocco. In 2019, it received seed investments from the Norwegian investment fund Katapult Ocean Fund

What the company has to say

“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,” said Badr Idrissi, CEO, ATLAN Space.

What Maroc Numeric Fund II has to say

“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,” said Dounia Boumehdi, Managing Director, MITC Capital, the managing company of Maroc Numeric Fund II.

About ATLAN Space

ATLAN Space
ATLAN Space

Founded in 2016, ATLAN Space provides Artificial Intelligence solutions that guides and coordinates a network of Unmanned Aerial Vehicles by which institutions can monitor very large regions, detect all the surface threats, and provide the best course of action to neutralize them. The company has its headquarters in Rabat, Morocco. ATLAN Space was co-founded by Badr Idrissi, a former account manager at Microsoft and Younes Moumen, when they discovered that activities like illegal fishing cost coastal West African countries around $2.3 billion per year.

About Maroc Numeric Fund 

Maroc Numeric Fund
Maroc Numeric Fund

Maroc Numeric Fund invests in Moroccan innovative startups that function in the information and communication technology sector, with high growth potential. It reserves up to a maximum of 20% of its capital for other innovative sectors like biotechnology, green technologies, etc. It was founded in 2010 and has its headquarters in Casablanca, Morocco.

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