Gilytics completed a CHF 1 million seed investment round co-led by the High-Tech Gründerfonds and Swiss Startup Group.
Gilytics, a Zurich, Switzerland-based software developer for energy and infrastructure transportation verticals, announced completing a seed investment round of CHF 1M ($1.1M).
The money was raised from investors co-led by the High-Tech Gründerfonds and Swiss Startup Group, with the Zürcher Kantonalbank and angel investors also participating.
The proceeds will be used to further develop features to support construction monitoring and operations for solar and wind projects among other use cases, while also expanding their distribution network.
Olivier Küng, Co-founder of Pix4D, will join the company's board of directors.
Gilytics, founded in 2017 as an ETH spin-off by Stefano Grassi, Heather Pace Clark, and Philippe Bieri, developed Pathfinder Software, a Geographic Information System (GIS) cloud platform used for overhead line and underground cable connections, identifying routes with the lowest cost or least overall impact on the public and the environment.
Gilytics' solution helps clients to automate infrastructure routing, monitoring and management with big data and an algorithm, improving design, visualization, and communication, replacing manual paper processes. Users can quickly analyze detailed scenarios in just a few clicks with realistic 2D, 3D and AR visualization. Greenfield and brownfield projects and linear infrastructure including powerlines, cable, pipe, rail, roads, renewables, telecom and offshore projects can be delivered faster using the software and related data services throughout the project process.