Tag: SparkCognition

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Boeing and SparkCognition launch SkyGrid venture

SkyGrid graphic
SkyGrid plans to develop a software platform that will facilitate the smooth integration of autonomous cargo craft and passenger air vehicles in the global airspace. (Boeing Illustration)

Four months after announcing that they were linking up to create a traffic management system for drones, Boeing and SparkCognition say they’re kicking things up a notch with a new venture called SkyGrid to address the broader challenges associated with urban air mobility.

SkyGrid aims to develop a software platform that will facilitate the smooth integration of autonomous cargo craft and passenger air vehicles in the global airspace, the two companies said today in a news release.

The platform will go beyond drone traffic management to handle a wide range of tasks involving unmanned aircraft systems, including package delivery, remote sensing, industrial inspections and emergency assistance.

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Boeing focuses on drones and its ‘NeXt’ steps

Drone traffic management
Artwork lays out a concept for a traffic management system that would allow drones to share the skies with each other as well as larger aircraft. (NASA Illustration)

Boeing says it’s aiming to create a traffic management system for drones that makes use of artificial intelligence, blockchain technology — and one of the companies in its investment portfolio.

SparkCognition will be Boeing’s partner in the traffic management project. Last year, the Texas-based AI company benefited from a $32.5 million investment round that included funding from Boeing HorizonX Ventures.

Boeing is also creating a new business group, known as Boeing NeXt, to leverage the company’s research and development activities and investments in areas such as autonomous flight, smart cities, advanced propulsion and other parts of the wider transportation ecosystem.

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Boeing HorizonX backs SparkCognition AI

Predictive maintenance for wind turbines
One of SparkCognition’s AI products, SparkPredict, is designed to predict wind turbine failures before they occur. (SparkCognition via YouTube)

Boeing’s recently established venture arm, HorizonX, has joined with other investors in a $32.5 million funding round for SparkCognition, a Texas-based company focusing on artificial intelligence and machine learning in the fields of information technology security and industrial operations.

The Series B round is being led by Verizon Ventures. Boeing said it was among a group of strategic investors in SparkCognition, which counts aerospace and defense among its target markets.

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