TerraLoupe Completed Seed Investment Round

The young Munich startup TerraLoupe is specialised in analysing airborne images of large-scale areas by means of artificial intelligence. The usage of deep learning methods enables the automatic recognition of small objects in huge areas. This month the ESA BIC Bavaria incubatee completed its seed investment round. They succeeded in securing Bayern Kapital together with a consortium of Business Angels centering around Prof Dr Michael Mirow, Prof Dr Christoph von Einem and the e2C3-Angelnetwork as investors.

The fresh capital will be utilised in particular for the extension and the refinement of the algorithms. These algorithms are able to recognise small objects out of large datasets, e.g. roof windows or road signs. With these technologies TerraLoupe can help (re-)insurances to better assess their risks in the field of inter-urban building insurance, for instance by the large-scale automated detection of roof windows or winter gardens around houses.

TerraLoupe offers a technological added value to the geo-data market; due to the wide range of possible applications and the centimetre-level accuracy the startup embodies nearly unlimited application fields.

The Munich company was founded in May 2015 by Manuela Rasthofer, Josef Schindler, Sebastian Gerke and Christian Schaub - a team with different backgrounds. Manuela's background is in international sales and business development, including capabilities development of new technologies, among others. She is one of the managing directors and responsible for sales. Due to his MBA, a Masters Degree in Informatics and his former career positions, the competence of Josef - the second managing director - lies in technology. Sebastian - holding a Masters Degree in Computer Science - contributes to the team as a researcher in computer vision and machine learning. Christian - with his backgrounds in business engineering and venturing is responsible for finance and business development.

TerraLoupe GmbH - Automatic Generation & Recognition of Geospecific 3D Information
TerraLoupe specialises in geo-informatics and machine learning. In combining current research with real business applications, they are unlocking detailed insight through unbounded analytics "via deep learning" of precise geo imagery. This offers unique and customised solutions for industry specific needs. The startup provides its customers with high-resolution airborne image acquisition and object recognition for geo-specific 3D information.

TerraLoupe's intelligent algorithms classify image content, using techniques adapted to the customer's needs. Basically, it acquires geo-images, writes code, and trains object-recognition algorithms to find the small pieces of relevance in big data. By combining high-resolution geo-data with image analytics, the company can supply its customers with internal views and valuable reports.

TerraLoupe is part of the ESA BIC Bavaria incubation programme from June 2015 to May 2017.

Do you have an innovative business idea and want to become part of the Europe-wide ESA BIC network? Then check out the ESA BIC Bavaria programme in more detail.

ESA Business Incubation Centre Bavaria
The ESA BIC Bavaria seeks entrepreneurs using space technologies in a non-space environment. That does not mean rocket science, but applies to multiple application fields such as navigation and positioning, communications techniques, Earth observation, materials, processes, signals or robotics.

ESA's Business Incubation Centre Bavaria was launched in 2009 and is ever since managed by Anwendungszentrum GmbH Oberpfaffenhofen (AZO) on behalf of the European Space Agency (ESA). With more than 105 newly founded start-ups and more than 1,300 new jobs under its name, AZO's incubation programme is one of Europe's most successful initiatives in promoting the commercial use of aerospace technologies. ESA BIC Bavaria and its renowned partners - DLR, Airbus Defence and Space, Fraunhofer IIS and Wirtschaftsförderungsgesellschaft Berchtesgadener Land - provide startups with financial and technical support at four branch offices: Oberpfaffenhofen, Ottobrunn, Nürnberg and Berchtesgadener Land.

ESA BIC Bavaria has four selection rounds each year. The next application deadline for the incubation programme is 29 August 2016. Apply now for ESA BIC Bavaria

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