15 February 2018
Harwell, Oxfordshire-based geospatial data analytics company Rezatec has closed a £2m financing round, led by Caphaven Partners with support from existing investor Run Capital and a new investor, Newable Private Investing. The extra capital will be used to expand Rezatech’s customer base in its target markets, including infrastructure, forestry and agribusiness.
Rezatec algorithms process data from optical and radar satellite and airborne and ground sensors; customer access to data is provided via an annual subscription model.
Chief executive Patrick Newton says: “We anticipate further financing rounds to ensure that we strengthen and consolidate our market position in the period ahead.”