CycloMedia Technology, a Zalbommel, The Netherlands-based provider of accurate geospatial imagery-data and data analytics, received a new equity investment from Volpi Capital.
The amount of the deal was not disclosed.
The company intends to use the funds for international growth and the development of new market opportunities.
Founded in 1980 and led by Frank Pauli, Chief Executive Officer, CycloMedia provides an end-to-end B2B geo-data and software platform with an established presence in the US, Dutch, German and Scandinavian markets. Using proprietary cloud-based technologies, its data sets allow governments and enterprises to assess, analyze and measure physical infrastructures, including buildings, roads and other assets, remotely, and on any device.
Its customer base includes the largest cities in the market where it is active, including New York City, Washington D.C., Amsterdam, Rotterdam, Frankfurt and Stuttgart, many other government customers as well as a number of enterprise customers in the utility, construction and engineering as well as real estate and financial vertical markets.
The company employs 140 people.