Saturday, October 1, 2022
HomeInsightFunding Alert Niti Aayog-backed Genesys International raises $32 mn in equity investment

[Funding alert] Niti Aayog-backed Genesys International raises $32 mn in equity investment

[Funding alert] Niti Aayog-backed Genesys International raises $32 mn in equity investment

Genesys International Corporation, a 3D mapping content and geospatial solutions company, has raised Rs 250 crore ($32 million) in equity funding round led by Malabar India Fund, with participation from other investors.

The round also saw participation from existing investors former Blackstone managing director Mathew Cyriac.

Launched by NITI Aayog, headquartered in Mumbai, Genesys International Corporation is the first company in India to launch street imagery immersive content for all major Indian cities with pan-India vector maps.

Read also – [Funding alert] VTION raises $1.3 mn in pre-Series A round

Its constellation is now India’s largest sensor constellation capable of acquiring terrestrial, oblique and aerial imagery at high speed and accuracy. The company said it recently applied for two patents for the 3D mapping environment.

“This investment will be a key catalyst post the new Indian geospatial policy which has given a major fillip to our capabilities. We believe we will help leapfrog India’s map ecosystem,” said, Sajid Malik chairman and managing director, Genesys International.

The company plans to strengthen its Content-as-a-Service (CaaS) platform to build a business model offering multi-vertical applications that meet the evolving needs of India’s digital infrastructure ecosystem.

“We are excited about Genesys’ mapping content and integration capabilities and the opportunities that the Indian digital infrastructure will provide in the years to come. A high-definition map platform will be an integral part of Digital India and we are delighted to partner with Genesys on their journey to deliver it,” said, Sumeet Nagar, managing partner at Malabar. It has a team of more than 2,000 professionals working on a range of complex advanced mapping materials and leading big tech, digital companies, utilities and governments as its clients.

About Genesys International Corporation

GENESYS is a Pioneer in providing Advanced Mapping, Survey and Geospatial Services since 1995.

With 2000+ professionals, Genesys has worked on some of the world’s most challenging projects. They have a unique blend of understanding the emerging consumer applications around mapping technology. Their Geospatial expertise ranges from LiDAR, Aerial Imagery to 2D/3D mapping across various industries including urban, telecom, mining, agriculture, navigation, infrastructure etc. Ability to scale up their team and quick turnaround time has led Genesys to successfully execute many voluminous international projects.



Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

- Advertisment -

Also Read

- Advertisment -

Subscribe to our weekly newsletter and don't forget to check out the latest updates.