AISPECO, a Vilnius-based startup specializing in geospatial data platforms equipped with adaptable sensor systems, has successfully raised €1.45 million in a funding round from NGL angel syndicate, Innovestor and Superhero Capital. The investment will fuel the company's continued platform development and innovation.

Launched in 2020 by Rokas Adiklis and Mantas Vaskela, AISPECO designs and produces advanced data collection systems that integrate multiple sensors, including LiDAR and hyperspectral imaging technology, for use in aerial, mobile, and stationary environments. The company’s solutions serve industries such as surveying, forestry, and mining, enabling cost savings, operational efficiency, and customizable sensor configurations for diverse client needs.

AISPECO aims to use the funding to prioritize high-value product development, including advancing its HELIUX FOCUS system, as part of its mission to drive innovation in geospatial technologies.

Funding Details

The funding round was backed by NGL, which made its largest contribution to date with an investment of €423,000. Existing investors Innovestor and Superhero Capital also participated in the round. Innovestor, a Finnish venture capital firm established in 2014, manages a portfolio of over 100 companies with €400 million in commitments. Superhero Capital, on the other hand, focuses on supporting startups in Finland and the Baltics.

Justinas Pasys, NGL’s founder, said: “We have been following AISPECO’s journey since 2022 and were impressed by their consistent growth, doubling revenues annually. Their impressive client portfolio includes international companies, with 50% of their revenue coming from the U.S. market. We also noted promising applications of their technology in the defense sector.”

At NGL we invest in startups via investment syndicates because there are many benefits of sharing competences, risks, and costs when investing in startups. First of all, it helps attract more and better deal flow due to the combined larger ticket. It also allows angels to invest smaller sums per startup, making more deals, building a portfolio, and diversifying. We also make collective analysis and decisions leveraging the expertise of our investor group.