Treeswift, a Philadelphia, PA-based natural resource management company, raised $4.8M in funding.
The round was led by Pathbreaker Ventures with participation from Crosslink Capital, TenOneTen Ventures, Contour Venture Partners, Boom Capital Ventures, Yes VC, Susa Ventures, Draft Ventures, Anorak Ventures, S7 Ventures, Awesome People Ventures, Switch Ventures, Convective Capital, and Dorm Room Fund.
The company, which has now raised $6.4m to date, intends to use the funds to exoand operations and its business reach.
Co-founded in 2020 by Steven Chen, CEO; Elizabeth Hunter, Ph.D., COO; Michael Shomin, Ph.D., CTO; and Vaibhav Arcot, Senior Software Engineer, Treeswift provides forest stakeholders with a precision data and analyses platform called SwiftCruise, a drone-based solution that navigates under the forest canopy to collect terabytes of data within harsh forest terrain at detail and speed. The platform is able to extract individual tree metrics through a combination of cameras, sensors, and advanced machine learning algorithms. The company’s services are used in carbon capture estimation, timber value appraisal, fire mitigation, biomass understory, deforestation monitoring, advanced growth forecasting, and overall forest management.
Treeswift is currently deploying or piloting with commercial forest companies such as Molpus Woodlands Group, Superior Pine Products Company, and Weyerhaeuser Company.
FinSMEs
29/03/2022