Terria bites into billion-dollar geospatial tech market
Geospatial tech startup Terria has spun out of CSIRO, Australia’s national science agency, after successfully closing a seed investment round with Australian deep tech investment fund, Main Sequence. Terria organises and visualises the world’s spatial data, across thousands of mapping and information layers, to make it accessible and useful for everyone. It simplifies the complex process of creating digital twins, or online virtual replicas of buildings, cities, regions and countries to enable modelling and investigation of ‘what-if’ scenarios. The seed funding will help support Terria’s global ambitions for its products, which can assist with planning and managing the cities of the future, the energy transition and environmental monitoring. Professor Elanor Huntington, CSIRO’s Digital, National Facilities and Collections Executive Director, said the national science agency was proud to have incubated Australia’s newest tech start-up. “It is very exciting to watch research turn into technology with real-world impact, and in this case, to form the foundation of a new stand-alone company,” Professor Huntington said. “CSIRO exists to foster Australian innovation and to help take that innovation out into the world. “We are extremely proud of the Terria team – geospatial visualisation makes the enormous amount of global data understandable and accessible for everyone.” Two former CSIRO employees will lead Terria: Ana Belgun, Terria Chief Executive Officer and Product Lead, and Amber Standley, Chief Experience Officer. “Terria started in 2014, when the first open-data, open-source Australian Government platforms were created to help any organisation or individual to access and visualise spatial data,” Ms Belgun said. “Since then, millions of users have accessed over 15,000 datasets on Terria mapping platforms. “In this next phase we will scale the positive impact we have created so far for Australian companies and government agencies and take these advanced tools global to enable the creation and management of […]