Geospatial Insight, a leader in visual intelligence derived from geospatial big-data, today announced a £3.5m growth equity investment from Foresight Williams Technology EIS Fund and VenturesOne Investments. The financing will be used to expand Geospatial Insight’s machine learning capabilities as well as fast-tracking additional product streams and visual intelligence customer solutions.

“We are delighted to receive investment through the Foresight Williams Technology EIS Fund and VenturesOne.”

David Fox, CEO of Geospatial Insight

 

The capital injection follows a Series A investment by VenturesOne, growth equity investors, completed in July 2017 and seed funding by Midven, the Birmingham based venture capital company, through the Exceed Partnership Fund in December 2014.

“The fund’s core mandate is to support high-quality, disruptive businesses with excellent management teams and Geospatial Insight represents a premier example.”

Bernard Fairman, Chairman, Foresight Group

 

Using a combination of machine learning, big data analytics and remote sensing techniques, Geospatial Insight provides evidence-based insights for improved decision making in a range of sectors including financial, trading markets and insurance.  This specialist skillset puts Geospatial Insight at the forefront of the explosion of geospatial data and machine learning development helping to deliver radically new insights into key events and trends around the world.

“Visual intelligence can provide a competitive edge and Geospatial Insight are positioned at the forefront to deliver on that promise.”

Rafael Aldon, director at VenturesOne and Non-Executive Director of Geospatial Insight

 

David Fox, CEO of Geospatial Insight, commented: “We are delighted to receive investment through the Foresight Williams Technology EIS Fund and VenturesOne. During the next 12 months we will be strengthening our machine learning expertise and developing new customer propositions that better inform enterprise decision making.  By doing so we will also further extend our leading position in delivering business intelligence and analysis derived from satellite, aerial and drone imagery.”

Bernard Fairman, Chairman, Foresight Group, commented: “Geospatial Insight addresses global challenges and is a highly scalable business.  The fund’s core mandate is to support high-quality, disruptive businesses with excellent management teams and Geospatial Insight represents a premier example.”

Rafael Aldon, director at VenturesOne and Non-Executive Director of Geospatial Insight said:  “The addition of Foresight Williams EIS Fund is of strategic significance and signals to corporates that visual intelligence can provide a competitive edge and Geospatial Insight are positioned at the forefront to deliver on that promise.”

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About the Author: Dave Fox

Dave has a long background in the geospatial sector, acting as CEO of Infoterra UK from 1998 to 2010. With a profound understanding of the geo-information services industry, Dave grew the business fivefold in that period, also participating on the executive board of the wider SPOT-Infoterra Group for ten years. Dave then became Managing Director of Blom Aerofilms and VP of Operations of the wider Blom Group. Dave founded Geospatial Insight in 2012, providing differentiated intelligence products for major clients in the insurance, capital trading and energy sectors. He is responsible for overall strategy and leading corporate and insurance sector client relations.

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