Story image

City visualisation firm receives investment boost

02 Nov 2011

An Auckland-based 3D visualisation company specialising in city modelling has secured funding from the ICE Angels, an investor network aligned with the Icehouse business incubator.

The 12-person company, Nextspace, will use the capital to further develop and export its interactive Visual City platform, an advanced 3D city visualisation tool.

The exact amount of funding has not been disclosed, although Icehouse director of start-ups, Ken Erskine, says it is one of the bigger funding rounds the group has made this year.

On the ICE Angels page on the Icehouse website the network’s ‘typical deal’ is shown as having capital needs of between $100,000 and $1.25 million.

"Our investors were attracted to the technology’s export potential,” Erskine says, "which has already generated significant interest from a wide range of sectors overseas.

"We also see the potential for other businesses to build content-rich applications on top of the Visual City platform, thereby creating further export and employment opportunities.”

Nextspace’s visualisation technology is already being used by Auckland Council, Melbourne’s South East Water Limited, and kiwi geologists working to advance their understanding of earthquakes and volcanoes.

The company was established with government support in 2007, but is now self-sustaining. Its Visual City platform incorporates technology developed by another kiwi start up, Right Hemisphere, which was acquired by SAP in September.

Apple's AirPods now come with 'Hey Siri' functionality
The new AirPods come with a standard case or a Wireless Charging Case that holds additional charges for more than 24 hours of listening time.
NZ investment funds throw weight against social media giants
A consortium of NZ funds managing assets worth more than $90m are appealing against Facebook, Twitter, and Google following the Christchurch terror attacks.
Poly appoints new A/NZ managing director, Andy Hurt
“We’re excited to be bringing together two established pioneers in audio and video technology to be moving forward and one business – Poly."
Unity and NVIDIA announce real-time ray tracing across industries
For situations that demand maximum photorealism and the highest visual fidelity, ray tracing provides reflections and accurate dynamic computations for global lighting.
NVIDIA announces Jetson Nano: A US$99 tiny, yet mighty AI computer 
“Jetson Nano makes AI more accessible to everyone, and is supported by the same underlying architecture and software that powers the world's supercomputers.”
Slack doubles down on enterprise key management
EKM adds an extra layer of protection so customers can share conversations, files, and data while still meeting their own risk mitigation requirements.
NVIDIA introduces a new breed of high-performance workstations
“Data science is one of the fastest growing fields of computer science and impacts every industry."
Apple says its new iMacs are "pretty freaking powerful"
The company has chosen the tagline “Pretty. Freaking powerful” as the tagline – and it’s not too hard to see why.