We are thrilled to be co-leading the investment round and strongly believe that Insight Terra will deliver great value to its customers and provide a true ESG solution to the industries it serves.Rebase have developed their own platform and AI-based data analysis API to make weather forecasts more precise. Kevin Dillon, Managing Partner at Atlantic Bridge, said, “ Insight Terra is uniquely positioned to deliver environmental risk management solutions to its customers with differentiated technology and a world class, very experienced management team. We are proud to be supporting Insight Terra’s growth with both our connectivity and strategic investment, and will work closely with the team to ensure mining organisations across the globe can operate more efficiently, safely and sustainably.” Insight Terra has an incredibly important role to play in protecting people from the environment, and the environment from people, during these challenging times.”Ĭommenting on the launch, Mike Carter, President, Inmarsat Enterprise, said, “ Inmarsat’s L-band connectivity is uniquely suited to enabling environmental monitoring solutions where reliable, real-time data transfer is paramount. Curtin said, “ The entire Civic Connect team is excited to be a key part in the launch of Insight Terra, and to be leading the global market for environmental and infrastructure risk management at such a critical time given the exigencies of climate change, the pandemic and global digital transformation.
Bovim to chart the new company’s strategic direction. Gregory Curtin, Ph.D., Founder of Civic Connect, will be joining Insight Terra as its President, partnering with Mr. Beyond tailings monitoring we will be developing additional innovative environmental monitoring offerings, to support use cases that drive actionable insight.” This will be key as the sector faces increasing pressure to comply with the new global industry standard for tailings management, and to meet Environmental, Social, and Governance requirements from investors and regulators. The formation of Insight Terra as a specialized Platform-as-a-Service provider by Inmarsat, along with funding from Atlantic Bridge, will enable us to help mining companies monitor their tailings facilities and manage associated risks more effectively. Insight Terra CEO, Alastair Bovim, said, “ We are delighted to have established Insight Terra as an independent and agile company that will provide our customers in the mining sector with a proven enterprise-grade risk management solution that works anywhere. Outside of the mining sector, use cases for geo-hazard monitoring and risk management in adjacent sectors include freshwater reservoirs, hydroelectric dams, landslide monitoring and other critical infrastructure monitoring. While monitoring mine tailings is a key focus initially, the solution will be used to support a multitude of environmental and infrastructure monitoring use cases more broadly in mining, including water management and pit wall stability.
Insight Terra provides a fully integrated end-to-end data management solution for the mining sector, built around three core elements:Įdge-based data ingestion, validation and aggregation from sensors, historians and other data sources Inmarsat’s global, all-weather L-band satellite connectivity, to ensure ultra-reliable real-time data transfer from the mine site to the cloud-based Insight Platform and The Insight Platform that curates and validates the data to make it available in real-time on a visually compelling customizable dashboard Civic Connect will be the majority owner of Insight Terra initially, while Inmarsat will retain an equity stake in Insight Terra and a seat on the new company’s board of directors.
#ATLANTIC BRIDGE 2021 SERIES#
To drive its aggressive growth strategy, Insight Terra has secured $5.45 million in Series A funding, led by Atlantic Bridge, with additional participation from Globalive and JLR Star.
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