AI Spatial Data Firm Hyades Raises $1.5M for Platform Development

Auckland technology startup Hyades has raised $1.5 million in venture capital and secured a government grant to continue developing its AI platform for spatial data.

The pre-seed raise was led by Icehouse Ventures and supported by K1W1 and angel investors Tony Falkenstein and Tim Brown.

The $1.5m includes a $400,000 New to R&D grant administered by the Ministry of Business, Innovation and Employment. (MBIE). The funds are earmarked to engage co-design partners, recruit AI engineering talent and scale up the platform for wider release.