ATLAN Space develops proprietary technology based on Artificial Intelligence to make Drones Smarter and truly Unmanned, performing Very Large Areas' Surveillance in Emerging Market. The first use case of our technology is illegal fishing in West Africa where the region loses $1.4 Billion and 300 000 jobs. Illegal Fishing is also worldwide problem, caused by countries incapacity to monitor Oceans.
With more than 12 years of international experience, holding different Sales, Marketing and Technical Positions, Badr was till December 2015, a Senior Account Executive in Microsoft. He holds an MBA from ENPC Business Schools in Paris, and a Telecom Engineering Degree from ENSA in Morocco.
Younes Moumen is the CTO and Co-founder. He has experienced both failures and successes in the 3 startups he already created. He is 12 years’ expert in managing large amounts of data and design AI software. He holds an engineering degree with a major in Information Technology from ENSA.
We are operating on a Business to Business market with more than 12 Months sales life cycle:
We have Built a pipeline of 1.4 Million Dollars with 9 different customers in 5 different countries.
We have decided not to raise money on early stages and we have been bootstrapping. The reason behind our decision is dictated by our business model and the industry we are evolving in, as we are on a long-term sales life cycle.
Our capital structure that allows us to survive till December 2017 is as follows:
- Initial capital investment: 100 000 $
- Microsoft Bizspark plus program (as cloud services): 120 000$
- Global Cleantech Innovation Progam prize: 15 000$
- Réseau Entreprendre Maroc honor debt at 0% rate (not yet confirmed): 15 000 $
- IPA : 5 000 $