The Ledger
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Artial focuses on civilian drone safety, avoiding defense applications
“No, no, no. It's for the companies who want to make their drones a stability flight. So they are applying it for different use cases in cities. So it's mostly for the people who want to make a Drone is safer, more drone safer technology and fly accurately with…”
Artial secured a US drone manufacturer customer four months after launch
“We're only four months old. We'll just establish incorporating in, in December. And we have a prominent drone manufacturer. I was from United States. And they have a really good, like a company and building the helicopters for automation. And they're like, oka…”
Artial's initial software pilot targets a fleet of 20 to 25 drones
“Right now we're focusing on 20 to 25 drones, depending on the need.”
Artial raised €500k from a single pre-seed investor
“And he invested in us like 500,000 euros. And this is the only our pre-seed investor right now.”
Artial priced its pre-seed round at slightly under a $5M valuation
“No, slightly less than five million.”
Artial projects at least €100k in revenue by the end of 2022
“Well, at least we'll, well, maybe have at least, I don't know, a 100,000 years for sure.”
Artial licenses its autonomy software directly to drone manufacturers
“Well right now we're focusing on delivering the software as a license. We're building autonomy engine that brings a new level of drone intelligence basically by providing the higher level of autonomy that exists right now. And we're mostly focused on licensing…”
Artial's team relocated to Georgia and Turkey due to the Russia situation
“Right now it's me, my co-founder a free person who work full-time, but they're not an official in the state because we are not, I'm not trying to relocate them here because of the situation in Russia right now, some people in Georgia, some people in Turkey, bu…”