Image

Gaia AI raises US$3M for forest data collection service

7 February 2023
Gaia AI has secured a US$3M Pre-Seed to automate the collection of forestry data, verify carbon credits, and build a data platform that empowers foresters to make the best financial andecological decisions for their forests. This round was led by E14 with participation fromUbiquity Ventures, Space Capital, and SOSV’s HAX.

Gaia AI is adapting LiDAR and computer vision hardware/software from the autonomousvehicle industry into a mobile tool for foresters to automate the collection of high quality belowcanopy data in forests. Foresters wear Gaia AI’s sensor backpack as they walk through theirforests and the backpack automatically collects and characterizes the width, height, species, anddensity of trees in the forest. This data is combined with existing above canopy data streams onGaia AI’s cloud platform to give foresters the most accurate depiction of the current state of theirforests.

By combining existing data streams and empowering foresters with new tools for data collection,Gaia AI is not only accelerating the data collection processes by over 100x, but also allowingforesters to make the best financial and environmental decisions for how to best manage theirland. The forestry industry has recently seen a significant amount of interest from SaaS startups, whichhave turned to available satellite data to provide additional value to foresters. These collectionmethodologies lack crucial below canopy data points which provide the most accurateinformation on a forest. By combining the two, satellite imagery and scaled data collection belowthe canopy, Gaia AI can unlock the full potential of satellite imagery by using below canopy dataas training data for machine learning models.

“Satellites provide a powerful tool for collecting data and understanding our world on a globalscale. But satellites have a number of limitations and benefit greatly from complementary datacollected by ground sensors. Gaia AI is building a proprietary platform to collect, process, andanalyze under-canopy data while leveraging the best in next-generation satellite capabilities” saidJustus Kilian, Partner at Space Capital.

This round of investment will be used to expand Gaia AI’s team, deploy their product in pilotswith some of the largest timber companies in the world, and add more functionality to their dataplatform. “We recognize the value and expertise that foresters bring to the forest. Our automated datacollection process adds to foresters’ existing skill set by seamlessly integrating into their existingworkflows. By augmenting a forester’s capabilities we are able to help the experts, foresters,make data driven decisions that optimize both carbon impact and financial bottom line” saidPeter McHale, Co-Founder and CEO of Gaia AI.

Source: Gaia AI

Read More
Image

Kea Aerospace achieves milestone in autonomous flight

Kea Aerospace has successfully completed a landmark BVLOS (Beyond Visual Line of Sight) flight, demonstrating the capabilities of their advanced autonomous flight technology. The milestone UAS (Unmanned Aircraft System) flight, conducted within Kea Aerospace’s Special Use Airspace, marks significant growth ...
Read more
Image

€100 m investment in wood-based EV batteries

Stora Enso Oyj is preparing to invest about €100 million in a pioneering project to use wood in electric vehicle batteries and offer an alternative to components currently made in China, according to its chief executive officer. The funds would ...
Read more
Image

First long-range electric trucks to New Zealand

Windrose Technology will work with Auckland based Etrucks® to bring the first long-range electric trucks to New Zealand. The Windrose E1400 6×4 semi tractor features extreme aerodynamic efficiency, with an industry low coefficient of drag of 0.2755. Combined with the ...
Read more
Image

DC Equipment Canada return Madill to B.C.

DC Equipment has announced the opening of its new manufacturing facility in Prince George, marking the return of Madill equipment production to British Columbia. The first machines to be produced at this facility will be the Madill 3000B Log Loaders, ...
Read more
Image

QLD budget weak on future timber material needs for housing

Queensland’s peak body for the forest and timber industry is warning of a looming building materials crisis by a lack of policy and budget measures for increasing future timber supply to help meet the state’s rising housing demand. “While we ...
Read more
Image

Kenworth unveils futuristic SuperTruck 2

Kenworth showcased its SuperTruck 2 demonstrator vehicle at the Advanced Clean Transportation (ACT) Expo in Las Vegas last month, a project developed over six years in collaboration with the US Department of Energy’s (DOE) SuperTruck programme. The aim of the project ...
Read more
Image

Key drivers to decarbonise heavy transport fleets

The industry was buzzing once again for the Wood Transport & Logistics 2024 event that ran last week in Rotorua, New Zealand. Well over 200 forestry and log transport companies from across Australasia, America and Europe, came to Rotorua to ...
Read more
Image

Rocket Lab launches climate science satellites

Rocket Lab, a global leader in launch services and space systems, today launched the first of two back-to-back launches for NASA’s PREFIRE (Polar Radiant Energy in the Far-InfraRed Experiment) climate change-focused mission. ‘Ready, Aim, PREFIRE’ lifted-off from Rocket Lab Launch ...
Read more
Image

Hiringa launches hydrogen refuelling network

Taranaki-based green hydrogen developer Hiringa Energy has marked the opening of New Zealand’s first zero-emission green hydrogen refuelling network set to service heavy freight across the North Island. The initiative is the first of its kind in Australasia and was officially ...
Read more