Automated roadside quality assurance provider Highway Data Systems (HDS) has secured £1.25m from the Investment Fund for Scotland, managed by Maven Capital Partners and delivered by the British Business Bank.
Glasgow-based HDS develops automated quality assurance (QA) technologies for the road construction and asphalt industries spanning production, haulage and laydown. The company provides a combination of proprietary hardware, embedded electronics and software that automates traditionally manual, labour-intensive and safety critical testing processes.
HDS is the first business to secure investment through the Greater Glasgow Innovation Cluster via the Investment Fund for Scotland. The Cluster forms part of a wider £100m strengthening of the Nations and Regions Investment Funds and brings together investors, innovators and high-growth businesses across key UK regions.
The investment will allow HDS to invest in its next phase of growth, supporting a number of new contracts while continuing to expand its customer reach.
Funding will also boost their expanding US operations and enable the business to continue with product development as it enhances its range of products.
“Data is only as good as its accuracy and as a technology partner for major infrastructure projects, we strive for engineering-grade precision,” says Joe Charlesworth, managing director of HDS.
“This backing will allow us to invest in our product development as we enhance our automated digital solutions for both the UK and international markets.”
