WASHINGTON, March 17, 2020 /PRNewswire/ -- Today Edgybees, the leading provider of collaborative visual intelligence technology, announced that it has been awarded its largest contract yet by AFWERX, an innovation program within the US Air Force. The contract will see Edgybees' innovative computer vision technology, in the form of its augmented reality (AR) software solution Argus, integrated with the US Air Force's systems to bolster situational awareness in complex operational scenarios.
Edgybees is one of 21 small businesses slated to receive four-year, fixed contracts with the combined worth of $550+ million through AFVentures' Strategic Financing (STRATFI) program, including more than $100 million in Air Force funding, over $100 million in SBIR funds, and more than $350 million in private investment.
Today's contract follows a round of contracts awarded to Edgybees by AFWERX at the end of last year, including the Phase 2-SBIR , (Small Business Innovation Research) contract, a competitive awards-based program that enables small businesses to explore their technological potential within the defense sector and beyond.
"We are thrilled to expand our partnership with AFWERX by providing our visual intelligence technology to bolster the functionality of the US Air Force's existing technologies," said Adam Kaplan, CEO and co-founder of Edgybees. "Whether it's manned or unmanned aircrafts, ground control, or software systems -- Edgybees will continue to seamlessly integrate its offering into US Air Force technologies to provide them with real-time actionable insights that improve precise decision-making in training and operations."
Edgybees' Argus solution provides commanders detailed insight into operational environments by augmenting live video footage with layers of precise, real-time, geospatial information. Edgybees' solution is facilitating unprecedented situational awareness, efficient planning and clear communication for teams on the ground and in the air.
On April 2nd, Edgybees will be hosting a webinar: Computer Vision & Augmented Reality - Saving lives. To learn more about how to gain accurate GIS-enhanced information over real-time video footage and translate it into actionable intelligence, register today.
Edgybees is the leader in real-time collaborative Visual Intelligence Technology™, augmenting any live video feed with precise geo-information layers from any human input or other data sources to create a detailed and contextualized understanding of any operational environment.
The company's Argus solution enables teams in any sector -- from military and public safety, to broadcast, automotive and industrial -- to collaborate more effectively and intelligently in complex environments.
Founded in 2017, Edgybees is headquartered in Washington D.C. and has raised $6.4M to date. For more information, visit https://edgybees.com/
Established in 2017 by the Secretary of the Air Force and reporting to the Vice Chief of Staff of the Air Force, AFWERX is a catalyst for agile Air Force engagement across industry, academia and non-traditional contributors to create transformative opportunities and foster an Air Force culture of innovation. The ultimate aim is to solve problems and enhance the effectiveness of the Air Force. AFWERX enables thoughtful, deliberate, ground-up innovation across the Air Force. They do this through an innovation approach that combines startup urgency with the largest pool of motivated talent in the world to uncover opportunities to improve Air Force capabilities, connect and engage the right stakeholders, and facilitate outcomes.
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