Dundee-based EeGeo, the 3D mapping and visualisation company, has completed a $5m round led by Nestol Technologies. Launched to the public in 2015, the company boats high-profile clients including Cisco and NTT DoCoMo.
“We have seen an increase in customers and partners wanting to implement our mapping technology as part of their business offerings, in order to better engage with their end-users, maximise efficiency and create additional revenue streams” says Ian Hetherington, eeGeo CEO and founder.
“This strategic funding will put us in a position to serve a much larger market, whilst delivering new features and making our solution widely available”.
NetSol CEO, Najeeb Ghauri, commented on the investment: “This is an opportunity to partner with a transformative company and grow a new revenue stream by collaborating on edge’s disruptive product roadmap”.
“At NetSol we have an immense pool of talented software engineers working on developing cutting edge solutions for our industry vertical. This partnership was born out of a shared confidence that this same talent pool could accelerate edge’s product vision. We look forward to closely working with eeGeo as they continue to grow their business”.