Israel’s Intelescope Solutions, a forest analytics company that utilizes drone and satellite imagery to transform the massive forestry industry, has raised $8.3 million to date.
Founded In 2009 by Steven Schlussel and Bert Cohen, Intelescope has a growing team of 30 professionals. Similar to big data giant Palantir, Intelescope is looking at big data to support human decisions, improve efficiencies, and effectiveness.
“We have already shown success with some of the largest, leading forestry players and look forward to helping our customers continue improving productivity through automation, which prior to the application of our advanced forestry analytics services, was a distant and unattainable concept” said Steven Schlussel, Intelescope chairman.
Forests today cover 31% of the earth’s land mass and produce wood products valued at over $500B per year. Yet, much of the forestry industry has yet to reap the benefits of broader advances in technology. During the last six years Intelescope has developed substantial intellectual property assets that clearly establish its global technology leadership.
The company has caught on with the forestry community. Many of the leading forestry companies in the US, Canada, Brazil, Australia, South Africa, Indonesia, India, and China utilize Intelescope services. Notably, Plum Creek Timber (NYSE: PCL), the largest private landowner in the United States, has adopted Intelescope’s iRow™ service commercially to improve their inventory of their pine plantations.
Contributing to Intelescope’s success has been the emergence and advancements of both the satellite and commercial drone industries. Satellite imagery today is essentially available worldwide with constantly improving image resolution, allowing Intelescope’s forest analytic services to cover massive amounts of land, at minimal costs. Commercial drones cover less area however, produce extremely high-resolution imagery which enables Intelescope to identify individual trees. Similar to the evolvement of marketing techniques, such as Google Analytics that now enable you to identify individual leads, same goes for trees, as our individual tree detection boosts the granularity of forest analytics. The combination of satellite and drone imagery platforms allow Intelescope to analyze the earth’s surface cost effectively.
“With our sights on the enormous forestry industry, the combination of our analysis, client data and the cloud, will transform the industry” said Steven Schlussel. “We are encouraged at the rate in which our technology is being adopted and we look forward to continue leading the forestry industry into the digital future, with predictive forest analytics. An example is, predicting where forest fires will begin and in which direction they will move.”