EmPact-AI (Accelerator)

Company Description: Empact.AI technology uses a fundamental mapping of sensor response to sub-surface components and data gathered through magnetic or electromagnetic sensors to produce a 3D view of sub-surface structures. Not-only can it predict the structure very effectively but also gives insight on the physical characteristics of such structures like level of corrosion etc. The same technology can be applied to understand soil characteristics like moisture levels, soil composition, fertilizer analysis etc. to improve precision agriculture. Our software works using a magnetic or electromagnetic survey of the land generally acquired using existing drone technology outfitted with specialized sensors. Our SaaS based market model will be applied across various markets including: Pipeline inspection: Inspection and maintenance against leaks and corrosion. Current market ~ $ 0.7 B and estimate to reach ~ $ 1 B by 2030. Subsurface utility: Investigation of buried utilities required before public utility works, highway construction, gas and oil drilling etc. It is a $ 1 B market growing at ~9% annually. Precision Agriculture: Use of technology to increase agricultural yield (soil testing, moisture level analysis and soil fertilizer analysis). Market that is expected to reach a $ 7 B market by 2026