November 12, 2024 – Vilnius, Lithuania
AISPECO, a geospatial data-collection startup based in Vilnius, Lithuania, has raised €2.4 million in funding from the European Innovation Council (EIC). The funding supports the launch of AISPECO’s new AI-integrated product line, enhancing self-service capabilities and expanding the startup’s reach into new market segments.
About AISPECO
Founded in 2020 by Rokas Adiklis and Mantas Vaskela, AISPECO specializes in geospatial data platforms that combine LiDAR and hyperspectral imaging for airborne, mobile, and stationary applications. Its customizable solutions serve industries like surveying, forestry, and mining, offering:
• Multi-sensor payloads for efficient data collection.
• Adaptable configurations tailored to unique client needs.
• Cost-effective operations that boost productivity.
Investment Details
This latest funding, part of the EU Horizon Europe program, underscores AISPECO’s contribution to transformative innovations. The EIC, with a budget of €10.1 billion, focuses on supporting startups and SMEs with groundbreaking technologies.
AISPECO’s CEO Mantas Vaskela remarked:
“Receiving recognition and support at the European level validates our team’s hard work and the global impact of our solutions.”
The funding will allow AISPECO to:
1. Develop a next-generation AI-integrated product line.
2. Enhance self-service capabilities for broader market access.
3. Strengthen its position in the global geospatial market.
Previous Achievements
In September 2024, AISPECO raised €1.45 million from investors including NGL, Innovestor, and Superhero Capital. This earlier round focused on advancing the HELIUX FOCUS product and driving continued innovation.
Future Prospects
AISPECO’s AI-enhanced solutions will further bridge the gap between innovation and operational efficiency, making geospatial technology accessible to more industries. This funding positions AISPECO to lead advancements in the rapidly evolving geospatial sector.
For more information, visit AISPECO.
Media Contact:
Email: [email protected]
Location: Vilnius, Lithuania
