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UCL Home  /  Geography  /  News & Events  /  News  /  News Archive  /  May 2016  /  Rezatec raises £1 million investment

Rezatec raises £1 million investment

UCL spin out company capitalizing on big data analytics

Rezatec raises £1 million investment

The environmental data startup company Rezatec, co-founded by Professor Mark Maslin, has raised £1 million of investment from Run Capital and the Harvard Business School Alumni Angels (HBSAA).

Rezatec has created a “landscape intelligence platform” that combines geographical, environmental and weather information to provide customized recommendations to manage crops and utilities. The company’s proprietary algorithms process data from satellite, airborne and ground sensors to predict outcomes for key assets in a number of industries.

Users access Rezatec analytics through subscription to the Rezatec landscape intelligence portal. This allows analysis,  in the Agribusiness sector, of yield optimisation for commodity crops and forestry; in the Water Utilities sector, of water catchment pollution, peat and water monitoring and soil erosion forecasts; and in the Energy and Utilities sectors, of pipe bursts and subsidence movements. Rezatec users include major UK utilities, agribusinesses, consulting partners and government.

The new investment is key to Rezatec's expansion plans, which aim to capitalize on the fast developing area of big data analytics. This next stage in the company’s development would also not have been possible without the R&D support of UCL, The Royal Society, Innovate UK and NERC.

See: www.rezatec.com

For more, see: http://www.rezatec.com/rezatec-announces-1m-seed-funding.html

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