Geospatial AI start-up, EvaluateLocate, has completed a £300,000 seed investment round at a valuation of £2.75 million. The company is also simultaneously bringing to market its subscription app for the UK, the first territory in a planned global roll-out.
The raise will enable the creation of new geospatial predictive models to accelerate the company’s growth.
Headquartered in London, EvaluateLocate combines proprietary spatial reasoning technology with a rich visual experience to deliver instant, user-defined location analysis. This brings precise, superfast and affordable location intelligence within easy access and within the price range of millions of businesses.
The UK app provides more than 100 metrics and is able to index rate every location in the country, powered by the first in a series of proprietary GeoSpatial Predictor models, GSP-1. This has been developed in partnership with a cross-section of organisations including real estate, infrastructure, finance, retail and government.
