Teren, (formerly SolSpec), a Denver-based AI machine learning software and content company focused on delivering rapid analysis of complex remotely sensed geospatial data, announced $4 million in seed funding, led by Allos Ventures. And also formally announced its rebrand to Teren
The funding will allow Teren to expand its workforce by 40% to address the fast-growing remote-sensing market estimated to exceed $13 billion by 2027.
Company: Teren, Inc
Raised: $4.0M
Round: Seed Round
Funding Month: December 2021
Lead Investors: Allos Ventures
Additional Investors:
Company Website: https://www.teren4d.com/
Software Category: AI machine learning software -geospatial analytics
About the Company: Founded in 2021 to transform data into solutions that create a safer, more sustainable planet. Teren has emerged as a leader in geospatial analytics. It delivers on its mission to create a safer and more sustainable planet by bringing together people whose individual values are rooted in being part of the solution to today's most pressing environmental challenges. Its unique approach to solving complex problems is fed by innovation, creative thinking, and collaboration. Teren is rapidly growing and increasing its processing and analytics capacity to continue modernizing environmental data and turning it into actionable information about sustainability, climate risk, and threats to physical assets.
Source: https://www.prnewswire.com/news-releases/teren-formerly-solspec-raises-4-million-to-address-growing-esg-and-geospatial-markets-301444540.html