Slingshot Aerospace, an Austin, Texas-based company utilizing artificial intelligence (AI) to provide repeatable solutions to geospatial information challenges for industries such as defense, insurance and energy, raised $3.25M in seed funding.
The round was led by ATX Seed Ventures with participation from Okapi Venture Capital and Sway Ventures, along with Stage and NoName Ventures.
The company plans to use the capital to continue to expand operations and business reach.
Launched in June 2017 by Mel Strickland,Thomas Ashman and David Godwin, Slingshot Aerospace develops computer vision based solutions to extract intelligence and insights from ultra high-volume satellite, aerial and drone imagery to optimize decision making for the Department of Defense and industries such as insurance, financial services and energy.
Slingshot Aerospace also has a presence in Los Angeles, California, via its El Segundo offices.