Tech company SenSat announces £3.31m seed investment
Today (August 10), SenSat - a technology company - has announced it has raised £3.31m in seed funding.
The round was supported by notable investors including Force Over Mass, Round Hill Venture Partners and Zag (the venture arm of global creative agency BBH).
The investment will be used to develop SenSat’s technology, including its 3D computer vision workflows and dimensional interpolation - both key for building intelligent simulated realities.
The company is also looking to invest in its San Francisco office following strong commercial traction throughout 2018. SenSat is on track to achieve 1,300 per cent year on year growth and turned a profit within its first quarter of trading.
James Dean, CEO of SenSat, said: “We believe that the ability for computers to understand and interact with the real world is the next major phase in technology.
“It will enhance the human experience and change how we understand the real world, helping us to make better decisions.”
Launched in 2017 by founders, James Dean and Harry Atkinson - head of product - SenSat turns complex visual and spatial data into a real time simulated reality that helps computers solve real world problems.
The cloud-based technology allows companies operating in physical domains, such as infrastructure construction, to make more informed decisions based on variables at large scale and complexity.
Since launch SenSat’s simulated reality platform, Mapp®, has supported over £3.5bn of civil infrastructure projects for clients such as National Grid and Highways England.
The platform gives a deeper understanding of site workings in an easy-to-use, accessible interface, helping companies track key project variables such as safety and progress.
Martijn de Wever, CEO of Venture Capitalist Force Over Mass, concluded: “SenSat are one of the few players building a platform where the physical and digital worlds meet.
“They have a clear vision for their technology, but it is more than just aspiration - they are already running a successful commercial business. Their development shows astute execution within an exciting and ambitious vision that we’re honoured to be a part of.”
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