Entirely Tech

NORTHWEST TECHNOLOGY NEWS

Tuesday June 12 2018


BGF invests £2.7m in digital mapping company Gaist


A highways technology company which has amassed a huge library of data about the UKs road network has secured a £2.7m investment from BGF to further expand its ground-breaking roadscape services.



BGF invests £2.7m in digital mapping company Gaist

A highways technology company which has amassed a huge library of data about the UK’s road network has secured a £2.7m investment from BGF to further expand its ground-breaking ‘roadscape’ services.

Gaist captures and analyses continuous, high-definition imagery - 900 times the detail of Google Maps - about road conditions and the highways network. The company has developed this into revolutionary and IP-rich proprietary software, which can be imported into the asset management systems of highways network operators, local authorities, mapping companies, major utilities and other blue-chip firms.

The company has been working closely with the Department of Transport to develop a smarter approach to the identification, management and repair of potholes. Its services are helping improve the country’s vital infrastructure through projects such as PotholeSpotter, as well as using its data to enable digital inspections. 

Gaist has collected more than 1.5 billion megabytes of imagery over the past 10 years, including the entire classified road network in England, with more roads now being added. Its machine learning research, smart algorithms and AI capability is now being used to analyse all roadscape information in the UK.

These capabilities position Gaist at the forefront of the digital mapping market, where growth opportunities are being driven by the new-breed of autonomous vehicle makers and drone suppliers. The market for the so-called ‘splines’ or digital maps used by driverless cars is expected to be worth $24.5 billion by 2050.

The company’s technology, known as HighwayView, and expertise have been attracting attention from countries that want to better maintain, understand and improve their own highway systems, including in the Middle East and Asia.

Gaist’s team of directors including founder and CEO Steve Birdsall, managing director Paula Claytonsmith, director of innovation and research Stephen Remde, will use the investment to accelerate its roadscape information and machine learning research within HighwayView, and expand its teams to support the growth in customers across multiple sectors and countries.

Steve Birdsall, founder and CEO of Gaist, said: “Domestic demand for our services continues to grow. At the same time, we are delighted to see our AI-driven technology gain international recognition. Both of these areas represent significant opportunities.   

“While we continue to focus on  working with Highways Departments, we are increasingly working with private sector organisations and utility companies who have never before been able to access the deep learning analysis that we are able to provide.

“To date, we have self-funded investment into the company and in collecting and productising our data sets. Bringing BGF on board as a non-controlling investor will allow us to accelerate our growth plans and respond to the growing demand for our services and expertise.”

BGF investor Pinesh Mehta said: “Improving our roads has been a burning issue in recent months, but there is also a growing and longer-term requirement – from both the public and private sectors – for access to accurate and detailed data to better understand the behaviour and utilisation of our road networks. 

“Gaist is at the forefront of this mapping technology, services and expertise, and has created a scalable business with a reputation for innovation and delivery. We are delighted to be backing Steve and the team as they implement their ambitious UK and international growth plans.”



"Bringing BGF on board as a non-controlling investor will allow us to accelerate our growth plans and respond to the growing demand for our services and expertise."
Steve Birdsall, founder and CEO of Gaist








DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.






Discover our Industry Magazines
















Discover our UK Regional Magazines


North West Business News, Jobs and Events | Entirely North West UK
East of England Business News, Jobs and Events | Entirely East England UK
Ireland Business News, Jobs and Events | Entirely Ireland
London Business News, Jobs and Events | Entirely London UK
Midlands Business News, Jobs and Events | Entirely Midlands UK
North East Business News, Jobs and Events | Entirely North East UK
Scotland Business News, Jobs and Events | Entirely Scotland
South East Business News, Jobs and Events | Entirely South East UK
South West Business News, Jobs and Events | Entirely South West UK
Wales Business News, Jobs and Events | Entirely Wales
Yorkshire Business News, Jobs and Events | Entirely Yorkshire UK


The Config Team


The Config Team -SAP Logistics and Warehouse Management Specialists - was founded in 1994. With its head consultant office based in Skelmersdale, the successful solutions it has delivered to globally respected names give it a reputation as a leading authority in SAP Logistics implementation.






TNP (The Networking People) Ltd


The Networking People (TNP) Ltd is an ISP (internet service provider) based in Lancaster, Lancashire. Established in 2012, TNP supplies high-capacity broadband connections and consultancy services that allow large organisations to design, build and operate their own networks independently of the established telecoms companies.






Datamere Software Solutions


Datamere Software Solutions is an award-winning development company that offers a complete downstream package for gas suppliers. Established in 1998, Datamere created its market leading Gas Management System which offers a modular approach for portfolios of varying sizes.The company has also created bespoke software solutions for hospitality, healthcare and HR industries and is currently working on the development of GMS V4 and GENUS.






JMC IT


Founded in 1981, JMC IT is an award-winning IT support partner based in Agecroft, Salford.






Kieron James

Entrepreneur


Kieron started his career as a Teacher before moving into the emerging market of web domain names sales in 1999. In 2005, he branched out into telecoms, founding Zimo,which won the industry's Service Provider of the Year Award in 2008. He went on to cofound Nexbridge, wich provides industry-leading telecoms services to communications providers and recently branched out into IP telephony services with the popular WHYPAY conferencing service which offers free conference calls to UK businesses.






RECOMMENDED FOR YOU ON ENTIRELY NORTH WEST