Black & Veatch joins forces with Rezatec to bring a new perspective to the management of utility infrastructure

Partnership unleashes the value of geospatial satellite data by combining Rezatec’s advanced analytics and Black & Veatch’s expertise in creating sustainable utility infrastructure

Black & Veatch is announcing a strategic partnership with Rezatec to collaboratively develop decision support tools that enable owners and operators of infrastructure assets to make intelligent, business critical decisions using geospatial analytics.

“Rezatec’s ability to analyse earth observation data brings a new perspective to the management of large infrastructure assets. We are excited to collaborate and use our expertise in the engineering, delivery and management of critical human infrastructure to develop decision support tools that provide highly valuable and actionable insights for our clients,” said Mark Malcolm, Director of Delivery, Black & Veatch Europe.

Rezatec applies data science, through sophisticated AI-driven analytics, to satellite-derived geospatial data to enable clients owning and operating distributed land-based assets make more accurate decisions. Rezatec’s data services enable improved margins, enhanced competitive advantage and optimised asset management.

“Through Black & Veatch’s experience and insights in the engineering and delivery of utility infrastructure and our algorithms and advanced machine learning techniques we are able to unlock the value in satellite-derived geospatial data to deliver strategic, commercial and actionable insight for our customers” says Philip Briscoe, Chief Operating Officer, Rezatec.

At a time when utilities are looking to the supply chain for innovation the Rezatec partnership is the latest in a number of strategic collaborations between Black & Veatch Europe and digital technology and artificial intelligence companies. The intention is to reduce client risk by identifying the technologies which offer real-world benefits and speed-to-value, then ensuring implementation is delivered by teams with proven knowledge of water and power engineering.

Black & Veatch Europe’s ECO-X cloud-based digital ecosystem enables integration with partners like Rezatec to provide digitally enabled asset management tools that are readily interoperable with utility clients’ IT systems.

Gresham House Ventures invests £5m in geospatial data analytics leader Rezatec

6 February 2020

Gresham House’s Baronsmead and Renewable Energy VCTs have co-invested £5m into Rezatec to fund its continuing growth and international expansion. This represents the first co-investment between the two VCTs at Gresham House, leveraging knowledge and capability across teams.

Rezatec applies its unique machine learning algorithms to a wide range of earth observation data, such as satellite imagery, soil, weather and topographic data, to generate data analytics products. These products help Rezatec customers in the forestry, agriculture and infrastructure sectors to substantially improve returns derived from their assets distributed across very large areas worldwide.

Rezatec’s technology offers a step-change in efficiency where asset owners are still using inefficient, manual, labour-intensive approaches to measure and monitor asset performance. Rezatec data analytics deliver high accuracy with scalable cost efficiency through automated processing of satellite generated inputs.

N+1 Singer acted as exclusive Financial Advisor to Rezatec Limited and its shareholders.

Patrick Newton, CEO of Rezatec, said:

“The investment from Gresham House accelerates our ability to build sales capabilities in key markets in North America and South Asia and to extend our product development capacity at home in the UK. This supports our goal of becoming the global leader in each of our target markets. We are very pleased to have Gresham House on board as a shareholder of Rezatec.”

Thomas Makey, associate director at Gresham House Ventures, continued:

“Gresham House Ventures invests in growth businesses with bold ambitions. Rezatec is a world leader in geospatial data analytics, with expertise across multiple sectors, including forestry, agriculture, infrastructure and financial services. The business is perfectly positioned to expand its global footprint and market share. We look forward to continuing our partnership with the firm as it goes through this next stage of growth.”

Cornel Riklin, Non-Exec Chair Rezatec and Managing Partner Caphaven Partners, added:

“We have been pleased to see the continued development of Rezatec following our original investment. This investment by Gresham House Ventures provides a launch pad for Rezatec in its next stage of growth as it pushes hard into its target markets worldwide.”

Harry Gooden, Director, Technology Investment Banking at N+1 Singer said:

“Rezatec has grown rapidly, particularly with enterprise customers in North America and has built a highly scalable, market-leading SaaS platform that utilises low cost, real-time geospatial data to deliver actionable insights to its global client base. The financing will help Rezatec accelerate growth by building out its sales organisation, speeding up international expansion and becoming a market leader in its target verticals. We are delighted to partner Rezatec on their journey.”

https://greshamhouse.com/gresham-house-ventures-invests-5m-in-geospatial-data-analytics-leader-rezatec/

Satellite Data Analytics Saving Dairy Farmers Valuable Time with New Grass Management Service

Grass SAT, an innovative, new grass management service is launched today by Rezatec, the geospatial data analytics company, to provide dairy farmers with automated daily updates of grass cover per paddock, and other features, to optimise grazing management decisions throughout the year.

Increasingly, dairy farmers are looking for new ways to save time, cuts costs and improve grass management activities. Currently, many farmers rely on manual methods, for example visual assessment or using a plate meter, which can be time intensive and require frequent manual updates to provide current and accurate estimates of grass cover.

Grass SAT, is an online grass management service for dairy farmers to optimise rotational grazing across their farms. Using a comprehensive grass growth model fed with regular analytics derived from satellite imagery, farmers are presented with a daily update of grass cover per paddock. The metrics are visualised in a secure portal supported with a grazing wedge, sorting grass cover from highest to lowest, as well as valuable decision support information such as number of grazing days per paddock and a colour-coded map of the farm presenting volumes and distribution of grass available.

The service is very easy to use and allows farmers to initially draw their paddocks in a digital map and add herd information before they are presented with their wedge and daily grass cover measurements. Farmers then update the portal with paddock activities, such as grazing or a cutting, and these feed into the model and revaluate the grass cover analytics.

John Brocklehurst, Dairy Farmer, Hilltop Farm, commented, “Utilising as much grazed grass as possible is a top priority KPI for our business and I hope by using Grass SAT it will provide me with more frequent grass measurements of the whole farm without having to walk it. The data is already informing my day to day grazing management and moving forward I hope to identify areas of the farm that are less productive and improve them as well as allocating grass to the cows more efficiently.

Farmers can also pull out paddocks for silage production as well as run multiple wedges if required and new features, including an App, will be available over the coming months.

Philip Briscoe, Chief Operating Officer, Rezatec explained, “We have been developing this product for a few years now and are confident it will make farmers lives much easier. With an initial discounted trial period of two months, farmers can also be confident of the time the service can save them simply by providing an automated daily update of grass cover.”

Grass SAT will also soon be available for beef and sheep farmers as well as general forage producers. For more information about Grass SAT visit the website: www.grass-sat.com.

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For editorial enquiries please contact:

Katie Whittington, Tel: 01865 817579, or email: katie.whittington@rezatec.com

The Evolution of Earth Observation’ – Featuring Rezatec

The Evolution of Earth Observation’ published in this month’s Ingenia magazine (by the Royal Academy of Engineering) is a feature article exploring how satellite images are used to monitor changes in Earth’s natural and built environments, with applications in areas as diverse as land use, natural disasters and climate change.

The author, Science writer Tereza Pultarova, spoke to three industry leaders, including our very own COO Philip Briscoe, on how artificial intelligence is helping innovative companies such as Rezatec using satellite data to solve problems on Earth.

The article focuses on how Rezatec helped one of our clients, Portsmouth Water, which had witnessed rising nitrate levels in groundwater to understand more about the sources of this pollution.

You can read the article here.