# Spatial Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spatial-networks

- Industry: Software
- Headquarters: St. Petersburg, US
- Website: www.spatialnetworks.com
- Total disclosed funding: $43M
- Latest round: Series A (Jan 7, 2020)
- Investors on record: 2

## About

Spatial Networks, Inc. provides a field data collection platform, Fulcrum, which leverages AI technology to enhance operational efficiency across various industries, including utilities and construction.Founded in 2015 and headquartered in St. Petersburg, US, Spatial Networks, Inc. specializes in field data collection solutions. The company has not undergone any notable pivots or changes in its business strategy. Jim Grady serves as CEO. In January 2020, Spatial Networks raised USD 42.5 mn in Series A funding, co-led by Kayne Anderson Capital Advisors and Kennet Partners, bringing the total amount raised to USD 42.5 mn.Fulcrum specializes in a comprehensive field process and data collection platform powered by artificial intelligence (AI). Key offerings include advanced Geographic Information System (GIS) capabilities and AI-driven data collection tools for real-time data integration, catering to nearly 3,000 companies and approximately 50,000 users globally. The platform supports tasks like inspections, asset tracking, and regulatory compliance across various industries.Fulcrum generates revenue primarily through subscription-based models, facilitating businesses' access to its data collection platform and associated services. Clients engage with tailored solutions, including monthly or annual subscriptions, which enable organizations to select the most appropriate package for their operational needs, driving long-term relationships in their field data management processes.Following its most recent deal in January 2020, Spatial Networks plans to utilize the raised USD 42.5 mn in Series A funding to enhance its platform's capabilities and expand into new markets. This includes targeting additional regions in Europe and Asia by 2022, focusing on developing new products that leverage AI for improved data collection efficiencies.

## Funding rounds

- Series A, Jan 7, 2020, $43M — Kennet Partners, Kayne Anderson Capital Advisors

## Investors

- Kennet Partners (https://capitalatlas.ai/funds/kennet-partners) — Series A
- Kayne Anderson Capital Advisors (https://capitalatlas.ai/funds/kayne-anderson-capital-advisors) — Series A