EvaluateLocate closes $300K seed round and launches UK app
Geospatial AI startup, EvaluateLocate, has completed a £300,000 seed investment round at a valuation of £2.75 million. The company is also simultaneously bringing to market its subscription app for the UK, the first territory in a planned global roll-out.
The raise will enable the creation of new geospatial predictive models to accelerate the company’s growth.
Headquartered in London, EvaluateLocate combines proprietary spatial reasoning technology with a rich visual experience to deliver instant, user-defined location analysis. This brings precise, superfast, and affordable location intelligence within easy access and within the price range of millions of businesses.
The UK app provides more than 100 metrics and is able to index rate every location in the country, powered by the first in a series of proprietary GeoSpatial Predictor models, GSP-1. This has been developed in partnership with a cross-section of organisations including real estate, infrastructure, finance, retail, and government.
EvaluateLocate CEO, Adam Kirby, comments: "We believe every decision maker should have access to location insight on demand. This investment brings that closer and accelerates our product pipeline.
“We are addressing the growing need for precise and constantly updated location intelligence. The UK market alone is huge, while globally this is already a 100 billion dollar market. Our unique technical architecture enables high-resolution, predictive location intelligence at scale in seconds.”
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