PR89153

SINGAPORE and TOKYO, April 23, 2021/PRNewswire=KYODO JBN/ --

Skycatch announces new initiatives to help companies and governments worldwide

combat climate change with digital twin technology in construction, mining, and

other infrastructure projects .

Skycatch, a drone mapping and 3D analytics platform, announced today its new

global initiatives for helping companies and governments worldwide approach new

ways of using their frontier digital twin technology to build and maintain

climate-resilient infrastructure.

"Digital twin technology is helping construction and mining companies worldwide

reduce CO2 emissions by preventing design inconsistencies and providing

complete transparency of the project across the board," said Christian Sanz,

founder and CEO of Skycatch.

With the world's most populous and fastest-growing economies, Asia-Pacific

emits the largest volume of greenhouse gas, producing about half the world's

carbon dioxide according to the IMF(

https://blogs.imf.org/2021/03/25/asia-pacific-the-gigantic-domino-of-climate-change/).

Skycatch is rapidly expanding across Asia and Pacific, which currently accounts

for half its market. The company plans to collaborate with ADB Ventures and its

partners in Japan, China, Indonesia, the Philippines, and Thailand to make

infrastructure projects - including those for renewable energy - more resilient

and leverage those solutions throughout the region.

"Asian Development Bank (ADB) aims to play a catalytic role to enable

technology in infrastructure projects, which result in reduced carbon

footprints and increased safety and operational efficiency," said ADB's Daniel

Hersson in a recent TechCrunch article(

https://techcrunch.com/2021/03/25/drone-data-scanning-company-skycatch-announces-a-25m-raise/).

"The enterprise-grade Skycatch technology for capturing, processing and

analyzing high accuracy 3D drone data is a critical part to accomplishing that

mission."

Skycatch's drone-based computer vision platform for the construction and mining

industries reduces more than 30% of the rework by preventing design

inconsistencies and providing complete transparency of the project.

"Companies can use digital twin technology to help detect and prevent mistakes

from happening during the building process to minimize waste," said Sanz. "At

Skycatch, we're on a mission to revolutionize operational and cost efficiency

in infrastructure-related projects worldwide through our drone-based 3D

computer vision technology."

Skycatch recently closed its Series C round funding(

https://techcrunch.com/2021/03/25/drone-data-scanning-company-skycatch-announces-a-25m-raise/),

culminating on $25 million raised, led by ADB

Ventures(https://ventures.adb.org/) and Wavemaker

Labs(https://www.wavemakerlabs.com/). Other new investors include

I2BF(https://www.i2bf.com/), Falkon(https://www.falkonventures.com/), and

Gaingels(https://gaingels.com/).

"ADB's Sydney-based team is already piloting Skycatch drone-based technology in

a project to create highly accurate digital twins of an infrastructure upgrade

project during its construction phase. This has the potential to use the

technology throughout entire life cycle of an infrastructure project enabling

project implementation that is safer, more efficient, avoid rework, and reduce

overall project carbon footprint," said Lotte Schou-Zibell, Regional Director

of the Asian Development Bank's (ADB) Pacific Liaison and Coordination Office

in Sydney.

About Skycatch

Skycatch is a drone data company based in the Bay Area founded in 2013 to

provide aerial data capture, processing, visualization, and analysis tools to

the world's largest companies on their most demanding work sites. Over 10,000

construction and mining sites in more than 20 countries, including Japan,

China, Indonesia, Philippines, Thailand, Chile, Colombia, Peru, Brazil,

Australia, Canada, and the United States, use Skycatch's solutions. For more

information, visit https://skycatch.com/.

About ADB Ventures

Set up by the Asian Development Bank, ADB Ventures is its venture arm that

supports and invests in early-stage technology companies solving large unsolved

problems in emerging Asia. ADB Ventures typically invests across seed and early

stages, providing leading technology companies with risk capital, deep

insights, and networks. For more information, please visit

https://ventures.adb.org/.

About Wavemaker Partners

Wavemaker Partners is an early-stage venture capital firm dual-headquartered in

Los Angeles and Singapore. Wavemaker is one of the most active early-stage

investors in Southern California and Southeast Asia and has invested in over

360 companies in the last 17 years. For more information, please visit

https://wavemaker.vc/.

Media Contact:

Nattasuda Anusonadisai,

Email: natt.consultant@adb.org

SOURCE  Skycatch