Sharper Shape Raises US$3.25M in Venture Capital Funding
Summary
The round was led by Straightforward Capital, a European venture capital firm operating in the energy sector, with participation from Australia-based global performance improvement consulting company Partners in Performance (PIP). The company intends to use the funds to strengthen its global delivery capacity and its investments in R&D. Led by Tero Heinonen, CEO, Sharper Shape provides Next Eagle®, an automated solution which utilizes UAV for inspection and maintenance of infrastructure assets including power lines, pipelines, railways, etc. allowing owners to reduce the related costs. The company is also based in Grand Forks, North Dakota and Espoo, Finland.
Funding
Amount
$3.3M
Total raised
Date
April 15, 2016
Announcement date
Investors
Straightforward Capital
Lead investors
Company
http://www.sharpershape.com
Funded company
Classifications
industries
No industries detected
applications
Data Management
AskAI Classifications
Labels
Software as a Service (SaaS)
Energy Utility Software
Predictive Asset Management Software
Linked Companies
Sharper Shape Inc.
$1M to $5M