Infrastructure monitoring startup Trendspek banks $6.3 million in Series A


Sydney-based real asset modelling software startup Trendspek, has raised $6.3 million in a Series A.

Derek Feebrey, CEO of Trendspek speaks to Simon Thomsen at ausbiz about the raise.

Simon Thomsen, Startup Daily, 07/12/2022

Real estate technology VC Taronga Ventures led raise as a new investor, supported by insurer IAG’s VC arm, Firemark Ventures. 

The cash is earmarked to grow the team to accelerate product development, expand the existing global reach, and offer a high-level of expert support to the customers who have been central to the company’s product development.

Trendspek has pioneered a new category in the digital twin market, with its Precision Asset Intelligence (PAI) software becoming the gold standard in asset management. The business creates 3D digital models of real assets for inspection and analysis that can be done in hours rather than the days of traditional physical inspections. 

The startup took part in Taronga’s RealTechX innovation program last year, and in 2020, raised $1.1 million in a Seed round led by the Sydney Angels investment syndicate.

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