Closed Seed Round With High-tech Gründerfonds, Swiss Startup Group And Zürcher Kantonalbank

Dec 17, 2020

Founded in 2017 by Stefano Grassi, Heather Pace Clark, and Philippe Bieri, Gilytics is an ETH spin-off which is supported by the European Space Agency Business Incubation Center Switzerland, Venture Kick and the European Union Horizon 2020 Program. The company’s Pathfinder Software is 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. The 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.

Gilytics is today announcing the closing of its CHF 1 million Seed investment round co-led by the High-Tech Gründerfonds and Swiss Startup Group, with the Zürcher Kantonalbank and angel investors also participating.

“With experienced investors, a very talented team and strong partners, Gilytics is well positioned to grow globally and support innovation in the infrastructure sector by helping our expanding client base to make better data driven decisions, delivering the automation and visualization needed to make information sharing easier”, says Stefano Grassi, Co-founder and CEO of Gilytics.

“We are impressed by the team’s industry knowledge, the proven technology and the commercial traction already generated with industry leading players in Switzerland and abroad”, comments Fabian Hogrebe, Investment Manager at High-Tech Gründerfonds.

Guillaume Waser, General Partner of the SSUG Flagship Fund 1 who is joining the board of directors, adds: “We see a unique potential in Gilytics as the roll-out of renewable energy assets keeps growing and both energy and engineering providers need to accelerate the digitization of their processes to leverage big data and achieve further efficiency gains”.

The company plans to use the funds 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. Gilytics is also pleased to welcome on its board of directors the successful startup entrepreneur Olivier Küng, Co-founder of Pix4D, who will support management in further developing the company.