Geospiza Receives $1 Million in Funding to Leverage AI and Extend Data Abilities for Emergency Response Torchbearers
Geospiza, a startup that enables emergency response stakeholders to make split-second data-driven decisions to garner results, maximize ROI and save lives has announced that it has received $1 million in seed funding.
Geospiza will use the funds to bolster its AI-powered evolved platform in order to facilitate robust mapping and data modeling. Andy Boyd, an industry leading and experienced disaster recovery professional will be shareholders’ representative on the board.
“It’s hard not to root for Sarah and her team. They recognize that the most vulnerable people are disproportionately affected by disaster and they are building a business that harnesses big data, applies machine learning, predictive modeling, and deep industry expertise to help solve this problem. I am proud to support their growth as an investor and board member,” says Andy Boyd, investor, and board member.
The financing is the result of Geospiza’s yearly performance which was phenomenal. The company also bagged important accolades such as –
- Phase I National Science Foundation Small Business Innovation Research (SBIR) grant
- 2019 Enterprise and Smart Data Track of the SXSW Startup Pitch Event
- Representing the country at the Global Entrepreneurship Summit 2019 in The Hague in June 2019
“It’s been an incredible year for Geospiza, we are capturing the interest and support from the public safety industry, and most importantly, we’re having a real impact on how data-driven decisions positively impact results,” says CEO Sarah Tuneberg. “We want to empower all communities with our decision-support tools, regardless of size or financial resources to reduce risk and enhance resilience.”
The main investors in Geospiza are –
- GAN Ventures
- Next Wave Ventures
- Chloe Capital
- Alumni Ventures Group
- Kokopelli Ventures