Sitemark announces 1mio Eur capital increase to strengthen its commercial organization and accelerate product development

13th June 2018

Leuven, 13th June 2018, Sitemark, a leading enterprise aerial data platform, today announced that Chroma Impact Investment, supported a capital increase of 1mio Eur in the company. This capital increase will be used to strengthen the commercial organization and accelerate the product development.

Aerial data platform

“We deliver cutting-edge site analytics by combining data from various sources including but not limited to satellites, drones, mobile devices etc. Drones have become one of the myriad of tools available to gather data. Our platform is a key asset for enterprises in the management of their sites; from site planning and building to continuous improvement and maintenance,” states Vishal Punamiya, Sitemark’s CEO.

Sitemark redefines how enterprises gather, analyze, and make use of aerial data across single or multiple sites. Sitemark’s aerial data platform provides actionable site intelligence to customers in Energy, Construction, and Mining industries. Sitemark was founded in 2016 and serves a customer base of global Fortune 500 companies across 5 continents.

1Mio Eur

“This capital increase will be used to strengthen our commercial organization and accelerate our product development. We see this as an important milestone towards becoming a world leading enterprise aerial data platform,” says Vishal Punamiya, Sitemark’s CEO. “It was a huge sign of product-market validation the day when one of our early customers came onboard as an investor. At the time, we were looking for an industry specific strategic investor to help us grow our global footprint via their network.”

Rebranding from “DroneGrid” to “Sitemark”

The company has evolved into an enterprise aerial data platform providing customers with unique insights that help them take better decisions. Our recent rebranding to Sitemark epitomizes the value our platform delivers to our stakeholders: Site aerial insights at their fingertips.

About Sitemark

The company was founded in 2016 by Stanislas van der Vaeren, Maxime Bossens, and Vishal Punamiya, and is headquartered in Leuven, Belgium. Sitemark serves a global customer base of Fortune 500 companies and industry leaders across 5 continents.

About Chroma Impact Investment

Chroma is a development and investment company acting as a catalyst of the energy transition. Chroma’s activities are based on three pillars : green energy projects development, equity stakeholding in innovative companies for the energy transition and financing of companies having a positive impact on a large number of people. Chroma has raised 40 M€ of capital which represents an investment capacity of 125 M€.