5D mapping company receives £750k funding from North East Venture Fund
A 5D mapping company has received £750k from the North East Venture Fund supported by the European Regional Development Fund and managed by Mercia.
3DEO, with offices in Newcastle, Belfast, Dundee, and Dublin, stated the investment will create 20 new jobs in the North East in the next three years.
3DEO’s cloud-based system combines data and information from sources such as satellites, cameras, sensors and vehicle tracking, visualising it on a single screen to provide a live 5D model of the area.
The system was initially used by the Port of Belfast to visualise and manage efficient dredging of the seabed and has since been adopted by the ports of Dublin, Warrenpoint and Cork and by Forth Ports at seven of its ports in Scotland.
The company was founded in 2016 by Andrew MacPherson who had spent years working with 3D interactive technologies.
Andrew MacPherson, CEO, said: “3DEO integrates data from different sources in a way that is easy to understand. By creating a model that everyone can use - even non-technical staff such as operations managers or finance directors – it enables them to assess their options and make better decisions.”
Ian Wilson, fund principal at Mercia, said: “With smart cities and embedded sensors, the world is awash with data. 3DEO’s system brings it all together and makes it easily intelligible.
“2020 was a breakthrough year for the business, with a number of significant customer wins and further opportunities in the pipeline. The funding will enable it to build on this and give it a platform for growth.”
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