Picterra Closes $6.5 Million in Funding  

by Kay Aloha Villamor April 27th, 2022

Picterra, a Switzerland-based leading provider of geospatial machine learning software, today announced the closing of a $6.5 million funding round led by venture capital firm VI Partners, with participation from ACE & Company.

The investment will enable Picterra to pursue its mission of democratizing access to Earth observation imagery and geospatial ML. This investment will be used to innovate the platform even further, scale the business, and boost mass adoption from enterprise customers.

Company: Picterra SA

Raised: $6.5M

Round: Unknown

Funding Month: April 2022                                  

Lead Investors: VI Partners 

Additional Investors: ACE & Company

Company Website: https://picterra.ch/

Software Category: Location Intelligence Software

About the Company: Founded in 2016 by Frank de Morsier and Pierrick Poulenas in Lausanne, Switzerland. Picterra is a collaborative end-to-end ML platform to train, deploy and manage your algorithms for geospatial analysis. Picterra is the first geospatial intelligence platform to enable businesses to autonomously extract insights from satellite and aerial imagery. Users can build and deploy deep-learning models quickly and securely without a single line of code. With Picterra’s no code ML SaaS platform, users can train, manage, and deploy powerful geospatial algorithms that rapidly transform images into real-world positive impact.

Source: https://picterra.ch/blog/picterra-raises-6-5m-to-accelerate-its-mission/



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