HSBC UK provides six-figure funding deal to Edinburgh-based Mapix technologies
Mapix technologies, an Edinburgh-based firm that specialises in 3D mapping technology, has purchased a new office twice the size of its existing premises following a six-figure funding deal from HSBC UK.
Mapix technologies is a leading authority in LiDAR scanners, solutions and system integration in the fields of mapping, autonomous vehicles, industrial and robotics.
The company has increased headcount by four in the past year and now employs 12 people, with plans to grow the team further as demand for its products and technology is steadily increasing across all export markets.
The new office will provide Mapix with space to accommodate its new team members and house more bespoke facilities to suit a range of business functions.
The business designs, develops and manufactures 3D mapping solutions specifically for use on drones (Unmanned Aerial Vehicles or UAVs) under the “Routescene” brand, and sells LiDAR scanners and solutions (LiDAR means Light Detection and Ranging and is a type of laser).
Due to its specialist nature, Mapix has specific requirements for its office space to support the varied needs of its research and development, manufacturing and software engineering work, which run alongside the more typical commercial divisions of the business including sales and marketing, finance and administration.
Emma Thomas, director of Mapix technologies, said: “We’re thrilled to move into a new office that is not only larger, but also designed to meet our specific business needs. HSBC UK understands our business model and how important a functional working space is to our teams. We’re looking forward to moving into a new space that is truly fit for purpose and provides the best possible experience for our employees.”
Susan Rowand, Head of Business Banking in Scotland for HSBC UK, added: “Edinburgh provides a fantastic atmosphere for tech businesses in the UK and a superb location for trading internationally. We’re pleased to support the growth of a long-standing business in the tech sector that continues to evolve and see demand for its products.”