Genesys International locks into the upper 5% circuit; receives investment to bolster its Digital twin 3D content program
The well-received investment round was led by Malabar India Fund with the participation of other renowned investors.
Genesys International Corporation, a leader in 3D mapping content and geospatial solutions, has announced a Rs 250 crore equity investment round, which aims to accelerate the company’s Digital Twin 3D content program. The content platform that was launched by NITI AAYOG creates the most cutting-edge map content for India through the new historical geospatial policy. The well-received investment round was led by Malabar India Fund with the participation of other renowned investors. The proposal was approved at the board meeting held on Wednesday.
Genesys was the first company in India to launch the immersive street imagery content for all major Indian cities, along with a vector map of all India. The Genesys Constellation is now India’s largest sensor constellation capable of acquiring terrestrial, oblique and aerial imagery at high speeds and accuracy.
He recently filed two patents for the 3D mapping environment. The company plans to strengthen its content-as-a-service platform by creating a business model that delivers multi-vertical applications to meet the emerging needs of India’s digital infrastructure ecosystem. The company plans to target its offering to the utilities, smart cities, big tech, and digital and e-commerce sectors.
Genesys International Corporation Ltd is a pioneer in advanced mapping, surveying and geospatial services. Based in Mumbai, India. With a team of more than 2000 professionals, he has worked on several complex and advanced cartographic contents and counts among his clients large technology, digital companies, public services and governments.
Genesys International’s stock froze in a higher pattern during Wednesday’s trading session at Rs 580.20 per share.