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Investment secures next phase of growth at 3DEO

The launch of our new website coincides with the beginning of another exciting chapter here at 3DEO.

We're excited to announce that our latest funding round has completed, with the investment of £750,000 by the North East Venture Fund, managed by Mercia Asset Management. This comes after our initial £2m investment from Co Fund NI, managed by Clarendon Fund Managers, and global tech firm FD Technologies.

This investment will be used to further develop the capabilities of the platform with our growing client base and partners providing valuable insights. The additional work will underpin 20 new jobs in the North East of England over the next three years, based in our North Shields office.

Speaking at the ceremony to finalise the deal, 3DEO CEO Andrew MacPherson explained “3DEO integrates data from different sources in a way that is easy to understand. By creating a model that everyone can use - even non-technical staff such as operations managers or finance directors – it enables them to assess their options and make better decisions.”

The system is already used by a number of Port Authorities in the UK, as well as providing the front end portal for BT & EE's 5G Digital Fabric projects that are being rolled out in a number of UK regions to demonstrate the opportunities available to public and private organisations through a 5G network.

“With smart cities and embedded sensors, the world is awash with data. 3DEO’s system brings it all together and makes it easily intelligible,” added Mercia Team Principal, Ian Wilson.

“2020 was a breakthrough year for the business, with a number of significant customer wins and further opportunities in the pipeline. The funding will enable it to build on this and give it a platform for growth.”

Pictured below, from left to right: Andrew MacPherson (3DEO), Lee Humble (MHA Tait Walker), Ian Wilson and Thea Tebble (Mercia Asset Management)

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