Global Surface Intelligence (GSI) has successfully completed its first tranche of equity funding planned for 2017. The round was led by Par Equity and supported by the Scottish Investment Bank, the investment arm of Scottish Enterprise. It involves a range of existing and new shareholders, including a specialist trade investor and some of the management team.
The funding will be used to build the company’s early commercial traction and sales pipeline to fulfil its vision of becoming the leading satellite data provider to the natural resources sector.
The team is further strengthened by new CEO, Gavin Tweedie. Gavin joins GSI from San Jose based Virtual Instruments Corporation where he was EMEA Operations and Sales Director. He has gained extensive experience as a founding team member in five US-based tech companies that were VC backed and sold on to blue chips including Hewlett Packard, IBM and Sun Microsystems. He is a specialist in sales, market entry, product strategy, reseller management, customer service and technical operations.
GSI now serves a range of government and private sector natural resource assets with Timber and Agricultural clients, ranging from traditional to highly innovative organisations. All benefit from GSI’s service, which combines unique machine learning software with high performance processing. The company is successfully harnessing the power of big data for timber industry clients.
Paul Atkinson, Partner, Par Equity said “Par are delighted to continue supporting the business through the next stage of commercialisation with significant interest building in the ‘big data’ space and massive potential in the global forestry and natural resources markets. Satellite analytics has a growing range of use cases in these markets and GSi aims to be at the cutting edge of this service provision”.
4th July 2017