2 years ago
Mobile GIS Services Secures £600K Funding for Geospatial Software Development
Mobile GIS Services (MGISS), a UK-based provider of geospatial software for utility companies, raised £600K in funding from NPIF – Mercia Equity Finance
The company intends to use the funds for the development of a new system that MGISS is working on with the European Space Agency (ESA) and to create 11 new jobs
MGISS uses satellite data and mapping technologies to help operators identify potential risks and plan new projects
The investment follows three years of growth, during which time MGISS has increased annual recurring revenue by over 300%.
ProblemFinancial Services
"Utility companies struggling to identify potential risks for their infrastructure with current visual inspection methods."
Solution
"Mobile GIS Services uses satellite data and mapping technologies to provide a 'eye in the sky' solution, reducing the need for helicopters and accurately identifying potential risks."