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Fortissimo Investing $40 Million in Simplex


Central Tel Aviv – Simplex Mapping

Israeli firm Fortissimo Capital is a new investor in Simplex, an Israeli startup that offers 3D modeling solutions. Fortissimo will invest $40 in Simplex in several stages.

Founded by Avi Aflalo and two scientists from the Technion, Dr. Shahar Barnea and Dr. Ziv Shragai, Simplex Mapping Solutions Ltd has implemented a new technology concept that combines efficient collection capabilities with a set of state of the art photogrammetric tools, to enable the most accurate and cost effective mapping service.

Ziv Shragai and Shahar Barnea are experts in the field of remote sensing and photogrammetry. Both received their PhDs in remote sensing from the Technion – Israel Institute of Technology. They are the recipients of the 3rd place prize in the international ICCV 2005, computer vision contest. They have published numerous articles, and have lectured in geo spatial conferences worldwide. Together they lead Simplex technology division.

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Simplex offers a “sweeping” camera system with a “high variety of quality” mapping solutions. Due to its configuration and lightweight (only 6kg), it can be installed on any aircraft, either with a hatch or with our STC approved pod. Thanks to the sweeping ability, our system can collect nadir images as well as oblique in a single pass.

The company has successfully engaged in many projects around the world in such areas as South America, the Middle East and Africa.

Founded in 2004 by Yuval Cohen, Fortissimo Capital is a leading Israeli private equity investment group. Fortissimo’s private equity funds, with 1.6 billion dollars under management, invest primarily in Israeli related public and private technology and industrial companies that require a capital infusion to expand their business.

Simplex works with some of the biggest names in the crypto ecosystem, including Binance, Huobi, Bitpay, among hundreds of others, Simplex provides the complete fiat infrastructure for the cryptocurrency ecosystem.

Avi Aflalo told Calcalist, “the investment will help expand technological innovation in the 3D field, develop additional tools to enrich the SaaS system and implement artificial intelligence-based solutions. The developments will allow for expansion to other significant markets such as insurance, smart transportation, computer games and Metaverse environments. We strive to become market leaders in the development of a unique 3D platform that will provide advanced solutions to diverse customers all over the world.”



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