Global Surface Intelligence (GSI), the Edinburgh-based geospatial company, announced that it has agreed investment from Alter Technology TUV Nord Group (TUVN) for a minority stake in the business.
As a result, TUVN will take a seat on the Board and also have a Board Observer. Both Par Equity and Scottish Enterprise will remain as investors in the Company.
GSI provides commercial forestry data and analytics to support clients’ critical investment decisions. The company uses satellite imagery in combination with other data sources to deliver highly accurate and wide scale forest inventories. The principal market is in the USA where GSI has successfully won contracts with the leading timber management and forestry asset owners.
The investment will be directed at business development, sales and marketing to build on its current US reputation and footprint. New hires will join by the first quarter of 2023 in the US while others will be recruited to add to the core team in the UK. GSI will also look to leverage its significant market knowledge of forest carbon into the European market. Matt Tryburski, the Company’s founder who is based in the US, will re-join the company as CTO on a full-time basis in the next few weeks.
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