GeoVS secures investment to demonstrate 3D technology
Glamorgan University spin-out company GeoVS has secured a £250,000 equity investment from Finance Wales to continue developing its interactive 3D visualisation and simulation software.
The Cardiff-based company will use the investment to demonstrate the application of its 3D technology within the oil, gas and marine industries and to fully commercialise its 3D software products.
Established in February 2009 by Prof Christopher Gold and Dr Rafal Goralski, GeoVS’s technology converts maps or charts into 3D visual images or models, providing users with real-time information for a number of applications such as surface and underwater navigation, situational awareness around harbours and offshore platforms.
’GeoVS required an equity investment of £250,000 to secure a strong international market position from which to grow,’ said Alastair MacDonald, chairman and managing director of GeoVS. ’The company has already developed strong links with potential customers and we expect to be trading successfully by October.’
In the oil, gas and renewable energy context, GeoVS’s products will allow offshore projects to be simulated and any risks identified, evaluated and removed before the expense of actually performing projects.
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