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Genesys International News: Genesys International raises Rs 250 crore in equity investments

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Pune: The firm of 3D map content and geospatial solutions said it has received a capital investment of Rs 250 crore, led by the Malabar India fund with participation from other investors. The funds will be used to accelerate its Digital Twin Content Digital Program, which was launched by NITI Aayog to create new cartographic content for India.

Sajid Malik Chairman and MD,

said, this investment will be a key catalyst behind the new Indian geospatial policy, which has given a great complement to our capabilities.

Genesys was the first company in India to launch comprehensive street image content for all major Indian cities along with a vector map of all of India, he said. The Genesys constellation is now the largest constellation of sensors in India, capable of capturing terrestrial, sloping and aerial images with high speed and accuracy.

The company has recently filed two patents for the 3D map environment. The company plans to strengthen its Content As A Service platform by creating a business model that offers highly vertical applications that meet the new needs of India’s digital infrastructure ecosystem. It will focus on utilities, smart cities, the large and digital technology and e-commerce sectors.

Sumeet Nagar, Managing Partner, Malabar India Fund, said we are excited about the content of the map and Genesys integration capabilities and the opportunities that the Indian digital infrastructure will provide in the coming years. A high definition map platform will be an integral part of Digital India.

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1/ https://Google.com/

2/ https://m.economictimes.com/tech/funding/genesys-international-raises-rs-250-crore-in-equity-investment/articleshow/92234555.cms

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