SkyX

Overview
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Commercial Drone Tech?
Product stageSegments
Expansion
?
Drone service providers
?

SkyX is a Toronto-based technology company that provides infrastructure asset companies around the world with actionable, long-range aerial data on an ongoing basis. The company deploys uncrewed aerial vehicles (UAVs) to capture high-resolution aerial imagery and uses artificial intelligence (AI) to process and analyze this data. This enables SkyX to provide insights and predictions related to the integrity of assets such as oil and gas pipelines, helping clients take proactive measures to prevent incidents and ensure safety.

SkyX's technology involves flying UAVs over extensive areas to capture precise, overlapping aerial photos. These images are geotagged and validated through custom software tests. The AI system then assembles the individual shots into a complete scene, analyzes the data to identify points of interest, and monitors changes over time. This process transforms raw aerial data into actionable insights that can reveal problems like pipeline corrosion, leaks, or unauthorized activities near the assets.

The company's aerial data analytics solution, SkyVision, enables energy companies to monitor terrain, identify potential risks, and receive automated warnings based on detected trends. SkyX's predictive analytics capabilities allow clients to forecast and address issues before they escalate, leading to significant cost savings through proactive maintenance. As of January 2023, SkyX had secured over USD 10 million in new contracts to monitor thousands of miles of pipeline assets.

In May 2022, SkyX appointed Jacob "Koby" Shavit as Chair of its Board of Directors to guide the company's global business growth. Shavit is an experienced aerospace and defense leader with expertise in scaling transformative, data-centered technologies.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
3-8001 Weston Rd Woodbridge ON CAN
Founded year:
2015
Employees:
11-50
IPO status:
Private
Total funding:
USD 13.5 mn
Last Funding:
-
Last valuation:
-
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