GSTS closes $2 mln seed round to advance maritime analytics
Global Spatial Technology Solutions (GSTS), a Dartmouth, Nova Scotia-based developer of digital solutions for the marine industry, has raised $2 million in a seed-stage financing. The round was backed by Canadian venture capital firms Innovacorp and Ecofuel as well as other private investors. Founded in 2005 and led by CEO Richard Kolacz, GSTS creates data management and analysis solutions that use satellite data for route optimization and risk management in the maritime shipping industry. The financing's proceeds will be used by the company to further develop its analytics, logistics and surveillance platform.
27 March 2019•3 mins read
