Hovermap-maker Emesent raises $ 2.5m to boost mining technology



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Emesent, a drone autonomy spin-out from the Commonwealth Scientific and Industrial Research Organization (CSIRO), has raised A $ 3.5 million ($ 2.5 million) in its venture capital Main Sequence Ventures.

Main Sequence Ventures manages the CSIRO Innovation Fund, which was established as part of the Federal Government's National Innovation and Science Agenda.

Emesent is the creator of Hovermap, a 3D lidar mapping technology that allows low-cost, high-resolution unmanned aerial vehicle (UAV) -based mapping for both indoors and outdoors.

The lidar is also used in real-time for collision avoidance, providing a virtual safety sphere around the UAV.

Last year, Hovermap, which is already being used commercially for a variety of applications by early adopters in Australia, the US, Canada, China and Japan, enabled the world's first fully autonomous beyond-line-of-sight 600 meters below the surface of Western Australia.

"Said Emesent co-founder and CEO Dr Stefan Hrabar." Hovermap enables the mining industry to safely inspect inaccessible areas of underground mines, while improving the quality of data collected to unlock new insights.

Hrabar added: "The data it gathers improves its productivity and provides a better understanding of conditions.

Emesent says: "The opportunity to build up our team from seven to 25", and make the company "a global leader in independent drone and automated underground data collection and badysis".

Larry Marshall, CSIRO Chief Executive, sees business as a necessary step towards Australia realizing its global digital innovation potential.

"Emesent is an example of a company that has hit the innovation sweet

spotlighting their deep domain experience in mining with digital expertise, "Marshall said.

In a statement, CSIRO, the technology arm of Australia's national science agency, said the real world applications of Emesent's technology extends beyond mining and can be integrated into the industry.

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