by Alistair Hardaker
The company uses satellite data to detect areas where the ground may be sinking.
The funding comes from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, and the Government’s Future Fund.
The latest funding round comes as the start-up prepares to launch a new online platform, which it said will be the first to give engineers and other professionals access to up-to-date information on ground movement.
SatSense has already secured a contract with environmental search provider Groundsure, which is now using the data in its reports.
SatSense was launched in 2018 by Professors Tim Wright and Andy Hooper from the University of Leeds, who had spent a combined 35 years developing the platform’s algorithms.
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