Intelescope Solutions Raises $8.3M To Build Upon Its Success In The Automation Of Forestry Analytics

PETACH TIKVAH, Israel, March 25, 2015 /CNW/ -- Intelescope Solutions (www.intelescope.com) is a forest analytics company that utilizes drone and satellite imagery to transform the massive forestry industry. Intelescope provides their clients (i.e. Pension Funds, Timber REITs, TIMOs, Hedge Funds, Forestry Land Owners/Managers/Consultants) with automated services at speeds of 50-100x faster than those of current processing techniques. This enables more efficient management and a richer knowledge of timber assets. To date, the company has raised $8.3 million.  

In 2009, successful and proven entrepreneurs Steven Schlussel and Bert Cohen founded Intelescope and have since built a growing team of 30 professionals to achieve the company's long term goals of developing big data for forestry with predictive analytics to optimize and preserve global forests. Similar to big data giant Palantir, Intelescope is looking at big data to support human decisions, improve efficiencies, and effectiveness. 

"We have already shown success with some of the largest, leading forestry players and look forward to helping our customers continue improving productivity through automation, which prior to the application of our advanced forestry analytics services, was a distant and unattainable concept," said Steven Schlussel, Intelescope chairman. 

Forests today cover 31% of the earth's land mass and produce wood products valued at over $500B per year.  Yet, much of the forestry industry has yet to reap the benefits of broader advances in technology. During the last six years Intelescope has developed substantial intellectual property assets that clearly establish its global technology leadership.

The company has caught on with the forestry community. Many of the leading forestry companies in the US, Canada, Brazil, Australia, South Africa, Indonesia, India, and China utilize Intelescope services. Notably, Plum Creek Timber, the largest private landowner in the United States, has adopted Intelescope's iRow™ service commercially to improve their pine plantations' inventory.

Contributing to Intelescope's success has been the emergence and advancements of both the satellite and commercial drone industries. Satellite imagery today is essentially available worldwide with constantly improving image resolution, allowing Intelescope's forest analytic services to cover massive amounts of land, at minimal costs.  Commercial drones cover less area, however, produce extremely high-resolution imagery which enables Intelescope to identify individual young trees.  Similar to the evolvement of marketing techniques, such as Google Analytics that now enable you to identify individual leads, our individual tree detection boosts the granularity of forest analytics.  The combination of satellite and drone imagery platforms allow Intelescope to analyze the earth's surface cost effectively.

"With our sights on the enormous forestry industry, the combination of our analysis, client data and the cloud, will transform the industry," said Steven Schlussel, Intelescope chairman. "We are encouraged at the rate in which our technology is being adopted and we look forward to continue leading the forestry industry into the digital future, with predictive forest analytics. An example is, predicting where forest fires will begin and in which direction they will move."  

About Intelescope
With offices in the United States, Brazil and an Israel R&D center, Intelescope Solutions is a global provider of software-based forest analytic services enabling more efficient management and richer knowledge of your asset. The company is looking to develop big data for forestry with predictive analytics to optimize and preserve global Forests.

Press Contact:
Mor Salvi
Intelescope Solutions
Mor.s@intelescope.com
Phone: +972-3-966-3336

Photo - http://photos.prnewswire.com/prnh/20150325/194349

 

SOURCE Intelescope Solutions

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