Forestry software firm Treemetrics is hoping to secure a major contract in South America with a multinational logging firm as it nears completion of a €1m fundraising round that will help it expand its sales force. Source: Independent
Speaking to the Irish Independent, Treemetrics CEO and co-founder Enda Keane said that the multinational company, which he declined to name, cuts about four million tonnes of wood a year in the area of southern Brazil and northern Uruguay where the company’s solution may be deployed. That’s more than the amount of wood cut every year in Irish forests.
The targeted area in South America comprises dedicated tree plantations.
Striking a deal with the client, with which Treemetrics has already worked to prove its technology, would be a major coup and would come on top of other contracts the company has recently signed in Sweden and Canada.
Treemetrics has developed a software system that integrates land-based 3D laser scanning of forests with satellite imagery to optimise felling. That generates higher yields and reduces waste in what is a multi-billion euro market.
