Sightec (Israel) Ltd.

Sightec specializes in providing advanced visual intelligence solutions for drone operations, enhancing autonomy and situational awareness through proprietary machine-vision and artificial intelligence technologies. Founded in 2010, Sightec (Israel) Ltd. is headquartered in Tel Aviv-Yafo, Israel. The company focuses on developing technology for drone operations that enhances functionality without relying on GPS.

Sightec raised USD 2. 000 mn in Seed funding on April 22, 2019, from investors Playfair Capital and Sherpa Innoventures, marking its initial funding round. Sightec offers advanced visual intelligence solutions for drone operations, enabling greater autonomy and situational awareness. Its core product utilizes proprietary machine-vision and AI technology to process real-time visual feeds from onboard cameras, ensuring effective drone operation in various environments.

The technology is applied across multiple sectors, including aerospace, public safety, security, inspection, delivery, and Advanced Air Mobility, catering to OEMs, UAS integrators, government entities, and service providers in North America, Europe, and Asia-Pacific. Sightec generates revenue through direct sales and partnerships, involving software subscriptions, collaborations with OEMs, and licensing agreements for its AI technology. Transactions typically include one-time fees for software deployment and ongoing service fees for updates and support. Their offerings, such as NavSight and SafeSight, are designed for commercial and government clients, allowing for scalable revenue streams as demand for autonomous drone operations increases.

Following the Seed funding of USD 2. 000 mn in April 2019, Sightec plans to utilize this capital for the development of new products to enhance its visual intelligence offerings. The company aims to expand its presence in North American and European markets by 2025, focusing on strategic partnerships with industry stakeholders and further enhancing its technology capabilities.