Spottitt Closes 800K USD Bridge Financing Round
In only 12 months since its launch, our AI-powered geospatial analytics service, Spottitt Metrics Factory, has gained significant traction and annual recurring revenue (ARR) among critical infrastructure owners.
Today, we are thrilled to announce the successful closure of an $800,000 bridge financing round.
This round has been led by US based VC fund, Right Side Capital Management, with support from our existing shareholders, KIC InnoEnergy SE, three amazing angel investors, and Spottitt founders CEO Lucy Kennedy and CFO Paolo Senes. We could not have achieved this funding milestone so swiftly and smoothly without the Qubit Capital team.
Spottitt Provides a Solution to Automatically Detect Changing Conditions on the NSW Road & Rail Network
Spottitt became Finalist in Transgrid’s Challenge for real-time insights for company’s easement route planning and Champion for Transport for NSW Challenge for tracking safety of roads and railways using satellite data.
The New South Wales network includes 6,800 route kilometres of operational rail lines and 17,600 km of state roads and highways.
TfNSW has identified Earth Observation satellites as a valuable addition to the monitoring technologies currently deployed and was looking for innovation to automatically detect changing conditions of network and potential risk modelling.
Spottitt to Collaborate with Transgrid and Transport for NSW
Spottitt has been selected by Transport for NSW and Transgrid to apply satellite-based and AI-powered technology to automatically detect changing conditions in the NSW road and rail network and to provide real-time insights for Transgrid’s easement route maintenance and planning, respectively.
These projects will be conducted within the GRAVITY Challenge 06 program led by Deloitte Australia, an initiative that brings together start-ups, scale-ups, entrepreneurs and universities to address real industrial and environmental problems using space data. The Collaborate Phase will continue until mid-March 2024.
Spottitt Metrics Factory Advances to the Next Level
As more organizations turned to Spottitt for monitoring growing numbers of assets, we recognized that the traditional geospatial platform’s map view, which was effective for small-scale monitoring, became cumbersome when dealing with larger datasets. So, we embarked on the development of Spottitt Metrics Factory. Since its beta launch in late 2022, ten organizations from around the world have been delighting in the ability to view and interact with their asset monitoring data using the product.
Spottitt’s Asset Monitoring Solutions Gain Traction in the Nordics with Innoenergy’s Support
Satellite-based asset monitoring is a growing trend for utility asset management in the Nordic region. Several countries and even more energy companies are already using or actively exploring technology to mitigate critical infrastructure risks and improve O&M performance.
This article highlights Spottitt’s recent client successes in the region, made possible through Innoenergy’s support.
Spottitt and Meteomatics Partner to Offer High-Resolution Weather Analytics
We are excited to integrate Meteomatics’ weather forecast data into our Spottitt MF platform’s Climate Conditions Monitoring module. Our clients will now access even more accurate and up-to-date weather information, allowing them to monitor rapidly changing weather and climate conditions around their critical infrastructure.
Join Spottitt at the 10th Annual Global Asset Management Forum
We are excited to announce that Spottitt, a leading provider of geospatial analytics solutions, will be a proud bronze sponsor at the upcoming 10th Annual Global Asset Management Forum for Distribution System Operators. This jubilee event will take place on the 19th and 20th of June 2023 in Amsterdam, Netherlands, organized by TBM Group.
Spottitt is on the List of the TOP 100 Energy Start-ups in the World
This achievement was announced as part of the prestigious SET Award 2023 (Start-Up Energy Transition), which is an international competition for start-ups and young companies working on ideas affecting the global energy transition.
Spottitt Named One of the Global Top 100 Geospatial Companies of 2023
Spottitt named as one of the Global Top 100 Geospatial Companies of 2023, an annual list of the best geospatial companies in the world as determined by an expert committee and Geoawesomeness, the world’s largest geospatial community.
Look up! How utility and infrastructure can benefit from satellite data in 2023
As we have just entered the beginning of 2023, we wanted to talk about what to expect in the domains of Earth Observation and Remote Sensing for utility and infrastructure sectors; what major developments happened in 2022 and what the industry is looking for this year.
