GSI Secures Key Investment In Core Growth Markets24th Oct 2022
Edinburgh-based geospatial firm Global Surface Intelligence (GSI) announced on Monday, 24th October, that it has secured investment for a minority stake in the company from Alter Technology TUV Nord Group (TUVN).
As a consequence, TUVN is going to take a seat on the GSI Board. Scottish Enterprise and Par Equity will both remain investors.
Who is TUVN?
TUVN is a quality-driven business that provides testing, engineering, and procurement services for electronic systems and components.
The company has over 150 years of experience and a presence in 100 countries. This background explains why GSI considered TUVN an exemplary partner in driving its mission forward.
Building upon the GSI reputation and footprint
GSI is a market-leading business that provides commercial forestry data and analytics to support critical investment decisions made by their clients.
As well as other data sources, GSI leverages satellite imagery to provide clients with accurate and wide-scale forest inventories.
The United States is the company’s main marketplace, and the recent investment from TUVN will help to solidify GSI’s reputation and branch out into other core growth markets, including the United Kingdom.
New hires are expected to join the team by early 2023 in the United States. The UK core team will also be scaled up.
GSI aims to leverage its significant market knowledge of forest carbon to penetrate the market in Europe.
GSI’s founder is rejoining the company as a full-time CTO
The company’s founder, Matt Tyburski, is going to rejoin GSI as Chief Technical Officer on a full-time basis in the coming weeks.
He said the following about the investment:
“This investment is a major step forward for GSI and will drive the scale up we have planned for some time.
“It is a significant statement from TUV Nord to invest in a geospatial company of our size. I’m also excited to partner with them over the next few years to explore the application and potential of earth observation in their own businesses.”