Edinburgh spin-out Carbomap launches into global forest monitoring market.
Carbomap, a tech firm producing ‘magnetic resonance imaging (MRI) scanners for trees’, has spun-out from Edinburgh University.
The Scotland-based firm has raised around £140k ($219k) in seed funding from the University’s tech fund, investor Scottish Enterprise, and its directors. It is also aiming to raise a further £200k through ShareIn, a Scotland-based equity crowdfunding platform.
Carbomap is aiming to break into the global forest monitoring market, estimated to be worth £1.6bn, and will carry out carbon dioxide surveys for forest owners and governments.
Iain Woodhouse, chief executive of Carbomap, said: “Traditionally, aircraft have carried out surveys using lasers operating at just one wavelength in the near-infra red. We came up with the idea of looking at forests in multiple wavelengths and different colours of visible light to obtain information about how much timber is in a forest and how well it is taking CO2 out of the atmosphere.”
