Ellipsis Drive, a provider of a plug-and-play solution for using, sharing, and selling spatial data, announced today its seed round funding of €1.9 million. This funding round was led by Promus Ventures, through its Luxembourg based space investment fund, Orbital Ventures, and had participation from Techstars.
“We are excited to back the team at Ellipsis. As geospatial datasets become more prevalent we see the need for a solution that enables the geospatial community to store, share and collaborate around these complex datasets and were impressed with the team’s vision and execution to date. We firmly believe Ellipsis Drive has the opportunity to become a standard piece of software infrastructure in the growing geospatial sector”, says Pierre Festal, partner at Promus Ventures. Together with Dr. Jonathan Fentzke, Managing Director at Techstars, Pierre will also be joining the board of Ellipsis.
Ellipsis intends to use the funds to continue to expand operations and its business reach. And they are ambitious. “To empower organizations working with spatial data requires seamless exchange and collaboration between different user types,” says Rosalie van der Maas, CEO at Ellipsis Drive. “This funding will help us introduce Ellipsis Drive as thé solution that makes the now painful exchange of spatial content easy and profitable.”
‘Google Drive’ for spatial data
Ellipsis Drive is a data platform, where producers, users, and owners of spatial data can easily and quickly turn their files into a collaborative online project. The platform allows collaborators to share content and make project edits using tools as well as any browser. “It’s like Google Drive but for spatial data, and much more interoperable” says Minghai Jiang, co-founder and CIO.
Read the complementary article:
“Founder Story of Ellipsis: Using Satellite Data and AI To Build A Better World”