Burgeoning AI: Investments in revolutionary technologies to avert risks in post-COVID-19 world?

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As the uncertainty due to COVID-19 pandemic grows, unmanned aerial vehicles (UAV) are taking on a variety of tasks such as delivering medicines, essentials and sanitizing large areas & buildings. Although UAVs are a formidable innovation and their use in the modern world is immeasurable, they can still be harmful to society. Ever since drones were used to attack the major oil processing facilities at Abqaiq and Khurais in eastern Saudi Arabia in 2019, the world has been more watchful and aggressively deploying Anti-UAV systems which can help deter and avert such prospective threats.

To meet these increasing challenges, a French company Cerbair came into existence in 2015. Its state-of-the-art radiofrequency technology embedded in mobile or fixed anti-drone solutions can be used to secure sensitive sites and events against malicious drone use. Co-founded by Lucas Le Bell and Olivier Le Blainvaux, Cerbair has been awarded the first prize in the “Digital Cities” category at the EIT Digital Challenge- a company recognizing ‘deep tech’ scale-ups of the continent.

The start-up reportedly received a seed investment of around 1.5 million Euros from VCs, one of which came via Boundary Holding, a Luxembourg-based bridge fund that invests in global AI technology-driven startups. The investment terms between the two companies were finalized after Lucas Le Bell, CEO of Cerbair and Rajat Khare, the founder of Boundary Holding, met in the Paris office of Technofounders. With this investment, Boundary Holding aimed at facilitating automatic protection of vulnerable facilities, and critical infrastructure which includes monitoring of drones.

Apart from Cerbair, Boundary Holding, in the last two years, has also invested in startups like Singaporean facial recognition startup XRVision, AI-based drone solution provider Asteria Aerospace and among others.

Founded by two former Rockwell Collins and Boeing engineers Neel Mehta and Nihar Vartak, Bengaluru-based Asteria Aerospace develops drone-based solutions to provide actionable intelligence from aerial data. Via the Luxemburg private equity firm Boundary Holding, Rajat Khare finalized his investment in the tactical drone company to assist Asteria in providing specialized unmanned aerial platforms to the military, paramilitary and police forces, particularly the Border Security Force (BSF). The investment has significantly added to the Boundary Holding’s portfolio investments in various facets of drone technology. However, last year, Boundary Holding had successfully exited Asteria Aerospace after Mukesh Ambani-led conglomerate RIL acquired about 51.7% of its stake.

In 2018, Boundary Holding invested in Singapore-based XRVision, a leading facial recognition and video analytics company. XR Vision was founded in 2015 by Guy Ron, an IT engineer who previously worked with Microsoft and Yaacov Apelbaum which secured funding from NUS and TNF Ventures, and currently reports clients in Singapore, Taiwan, Israel, and the U.S. This funding could help XR Vision expand into market and frame solutions to mitigate collective challenges faced by the public and private sector via real-time connect IoT intelligent solutions.

Amidst such essential investments, Rajat Khare founded Boundary Holding has also fostered the growth of investigative analytics solution- to build a global big data and crime analytics platform. In 2017, Luxembourg-based investment fund acquired Wynyard Advanced Crime Analytics Software from the New Zealand-based software firm, Wynyard (NZ) Limited. Headquartered in Newark, CA, Wynyard partners with major systems integrators and leading software companies. Through collaborating with Boundary Holding, Wynyard ACA aims to pioneer the domain of high-consequence analytics software and enhance it by expanding its AI-based critical Infrastructure operations.

It is due to such investments in AI-based disruptive ideas and innovations, we have witnessed unconventional ideas turn into a reality. Post COVID-19, the world would be more digital than ever, which may give rise to cybercrimes, security breach & illegal spying, thus organizations must be watchful and prepped up. Integrating AI-ML based solutions would strike interesting synergies with the organizations and is likely to dictate the post-COVID-19 world.

Last modified: June 3, 2020

4 Responses to :
Burgeoning AI: Investments in revolutionary technologies to avert risks in post-COVID-19 world?

  1. Avatar sana says:

    A very good blog regarding investment. These kind of investments will certainly help to reduce the risks of covid-19. These kinds of investments is the need of the hour. Investment in AI is a huge boost for the future generation.

  2. Avatar Monisha Gaur says:

    As per current senario its is proved that post covid-19 world would be highly techy with introduction of all new revolutionary technologies taking the role in real world. As of now we have seen how ecommerce and drone is already into thier role in huge form. So it is also true that the risk and safety issues related with new technologies will increase in future.

  3. Avatar Poonam Kumawat says:

    Artificial intelligence and machine learning is going to be the next gensolutions for most of the sectors either it is healthcare or security sectors. Thats why it has been seen in last few years that investors like as mentioned the article rajat khare are focusing in the domain that facilitates artificial intelligence.

  4. Avatar PP Raghav says:

    This is very true that post Covid world will be very different and could be difficult to survive, as things will not be same as it was. Where people have learned how to improve thier personal hygine, there are other factors that could lead to more damage to the mankind. For example as mentioned in the above article. I am very much agree with the fact, that countries have been using to monitor lock downs using drones, there will be a threat that these technologies will be explored more. And along with use for the mankind this can be used for theft, crime or other technological breach.

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