📋 Tender Overview
Gilytics has raised a total of 1 million Swiss francs as part of a financing round. The ETH Zurich spin-off has developed a software solution that can help with laying power lines by leveraging the benefits of geodata.Gilytics has raised funding in the amount of 1 million Swiss francs as part of a seed financing round as detailed in a press release. The High-Tech Grnderfonds the Swiss Startup Group and the Cantonal Bank of Zurich were all involved as investors in this process.Gilytics successfully convinced the group of investors with its software that aids planning processes for overhead line and underground cable connections. The software solution can be used to identify routes for power lines on the basis of geodata with users in turn able to analyze detailed scenarios with the help of realistic 2D 3D and Augmented Reality AR visualization processes. In addition to laying power lines the software can also help in road and railway construction plans.We are impressed by the teams industry knowledge the proven technology and the commercial traction already generated with industry leading players in Switzerland and abroad comments Fabian Hogrebe Investment Manager at High-Tech Grnderfonds in the press release.Gilytics now intends to use this injection of fresh capital to further develop features that support construction monitoring and the operation of solar and wind energy projects. At the same time the company will also be seeking to expand its distribution network.Gilytics was founded in 2017 as a spin-off from the Swiss Federal Institute of Technology in Zurich ETH and is headquartered in Zurich.
