SigmaRail in funding talks, eyes 10-fold surge in revenue

SigmaRail co-founders Norberto González and Mario Fernández

The profitable Madrid-based startup is behind the “Google Maps” for railways to help make trains safer and provide better services

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It now counts Siemens and Thales among its biggest clients, and has expanded to markets in Singapore, Morocco and possibly soon, Mexico. Founded in 2016, SigmaRail is a Madrid-based startup running advanced railway engineering services, namely digitizing railway infrastructure using drones and LiDAR technology. It creates digital models that can be used to provide the geographical locations of railway resources worldwide. An algorithm processes the real-life data captured to produce digital maps of train tracks.
The company also uses a computer vision and image recognition software that was...

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