Rezatec, a Harwell, Oxfordshire, UK-based provider of geospatial data analytics to the Infrastructure, Forestry and Agribusiness sectors, completed a second phase of a £2m financing round.
Caphaven Partners led completion of the two-stage round with support from existing investors Run Capital and new investor Newable Private Investing, through its Scale Up Fund 1.
The capital will be used for continued expansion of its commercial customer base in its target markets.
Led by CEO Patrick Newton, Rezatec provides a geospatial data analytics platform for the Infrastructure, Forestry and Agribusiness sectors. Its proprietary algorithms process data inputs from satellite, airborne and ground sensors to predict outcomes for key assets across a range of industry verticals.
The company’s analytics target critical commercial needs such as commodity crop yield optimization, forest inventory management and identification and prediction of pipeline network leakage.
Users include major utilities, agribusinesses, large forestry groups, consulting partners and governments worldwide.