ZALTBOMMEL, The Netherlands, June 28, 2023 /PRNewswire/ — Cyclomedia, a world leader in providing highly accurate 360° street-level visual data, enhanced with AI-powered analytics, announced a significant investment to boost company growth and pave the way for further success.
Invest in products and solutions to benefit customers and partners
Cyclomedia has achieved high growth rates in recent years, coupled with strong profitability, which has enabled it to build and consolidate its global leadership position.
This announcement confirms Cyclomedia’s commitment to continue developing cutting-edge innovations that meet the needs of customers and partners on a global scale.
Thus, the company will be better able to help its clients harness the power of AI and digital representations of the real world; as Digital Twins, in managing outdoor assets more efficiently, more effectively, more safely and more sustainably.
Existing investors re-engage and new investors join
The financing has been led by Cyclomedia’s current lead investor, Volpi Capital, along with a group of new investors, strongly reaffirming investors’ belief in Cyclomedia’s growth potential and long-term success.
“We are delighted to share this announcement,” said Serge Lupas, CEO of Cyclomedia. “Our existing investors have not only reaffirmed their commitment to Cyclomedia, but we also welcome new investors who share our vision for the future. Their participation demonstrated their confidence in our ability to deliver exceptional results and create lasting value for our clients, partners and investors”.
About Cyclomedia
Cyclomedia digitizes the outside world on a large scale, in high fidelity, and in 3D, enabling it to be visualized, mapped, analyzed, and enriched with layers of valuable information for its clients. The company develops, builds and operates the world’s most advanced mobile mapping systems [1], capturing more than 850,000 km annually, enhanced by innovative AI-powered analytics to deliver actionable, data-driven insights. Public and private organizations around the world use this intelligent digital reality data to solve challenges in the areas of mobility, sustainability, security and connectivity.
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