{"id":5580,"date":"2017-05-23T01:14:32","date_gmt":"2017-05-23T01:14:32","guid":{"rendered":"https:\/\/www.rsoftsolution.com\/blog\/kuang-chi-invests-5-million-in-skyx-a-maker-of-drones-to-monitor-oil-and-gas-pipelines.html"},"modified":"2017-05-23T01:14:32","modified_gmt":"2017-05-23T01:14:32","slug":"kuang-chi-invests-5-million-in-skyx-a-maker-of-drones-to-monitor-oil-and-gas-pipelines","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/kuang-chi-invests-5-million-in-skyx-a-maker-of-drones-to-monitor-oil-and-gas-pipelines.html","title":{"rendered":"Kuang-Chi invests $5 million in SkyX, a maker of drones to monitor oil and gas pipelines"},"content":{"rendered":"


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Shenzhen-based Kuang-Chi Group<\/a> is investing $5 million in SkyX Systems Corp.<\/a>,\u00a0according to the drone tech startup\u2019s\u00a0founder and CEO Didi Horn.\u00a0A former fighter pilot with the Israeli Air Force, Horn started SkyX in 2015 to help public and private companies monitor energy\u00a0infrastructure from on high, using increasingly powerful drones and big data analytics.<\/p>\n

Horn\u00a0said, \u201cOur model is about acquiring, analyzing and delivering critical data.\u201d The company does not have plans to use its long-range drones to haul goods or people around, he confirmed.<\/p>\n

SkyX has developed proprietary SkyOne drones that employ a fixed-wing design and helicopter-like features to take off and land on small charging stations set up in the fields alongside oil and gas pipelines.\u00a0The stations shelter the drones from bad weather and theft while charging them.<\/p>\n

SkyOne drones can\u00a0fly long distances autonomously, leaping from station to station, beyond the line of sight of human operators wherever it is legal to do so.\u00a0Using SkyX\u2019s operating system, SkyOS, organizations can create easy-to-read maps and graphics from\u00a0the\u00a0data that their drones gather by\u00a0scanning structures below.<\/p>\n

The SkyOS system also can remotely\u00a0dispatch fleets of SkyOne drones to survey specific points of interest or any\u00a0areas that have shown signs of trouble in earlier flights.\u00a0Horn\u00a0claims that SkyX systems save energy industry\u00a0businesses 70 to 90 percent of the budget they\u2019d typically spend on monitoring and data using ground-based systems and manpower, and\u00a0pilots in planes.<\/p>\n

The company\u2019s investors, Kuang-Chi Group<\/a>, may not be a household name in the U.S., \u00a0yet, but the Shenzhen-based conglomerate is known in China\u00a0and the aerospace industry for\u00a0its efforts in the new space race. The company\u2019s Kuang-Chi Science division wants to bring people (and possibly payloads) to sub-orbital space by\u00a0lifting them with a huge helium balloon attached to a pressurized capsule. The system is reminiscent of that in development by Tuscon, Arizona-based World View Enterprises<\/a>.<\/p>\n

Kuang-Chi Group also has established a $300 million venture fund\u00a0to invest in entrepreneurs outside of China. This fund has established a presence in Tel Aviv to source deals. Besides SkyX, the early-stage\u00a0venture arm of Kuang-Chi has also backed the voice analytics startup Beyond Verbal, computer vision developers EyeSight and video analytics firm AgentVi.<\/p>\n

Given the $5 million investment, Horn said SkyX will begin rolling out its drones and services to more customers throughout North America this summer and fall. Its first two customers, which the startup did not have permission to name yet, are based in Western Canada and will commence using SkyX technology in July.<\/p>\n

<\/p>\n

Featured Image: SkyX Ltd.<\/a><\/small><\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/JdlBp55ecMo\/<\/p>","protected":false},"excerpt":{"rendered":"

Shenzhen-based Kuang-Chi Group is investing $5 million in SkyX Systems Corp.,\u00a0according to the drone tech startup\u2019s\u00a0founder and CEO Didi Horn.\u00a0A former fighter pilot with the Israeli Air Force, Horn started <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-5580","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t