Company Market Research Report: Trendspek Pty Ltd

Company Overview

Name: Trendspek Pty Ltd

Mission of the Company: Trendspek aims to revolutionize property and infrastructure industries by providing safer inspection methods through advanced digital solutions, ensuring safety, precision, and efficiency.

Founded: 2018

Founders: Derek Feebrey, Fiona Church, and Mitch Deam

Key People:

• Derek Feebrey (Co-Founder and CEO)

• Fiona Church (Co-Founder and Board member at Apropela)

• Mitch Deam (Co-Founder and Chief Compliance Officer)

• Josh Sinclair (Head of Product)

• Haoran Un (Head of Development)

• Alana Flack (Head of Delivery)

Headquarters: Suite 1.103, Level 1, 477 Pitt St, Haymarket NSW 2000, Australia

Number of Employees: Over 30 employees

Revenue: No information is available

What is the Company Known For: Trendspek is known for its leading 3D software for built asset inspection, reporting, and monitoring, allowing virtual inspections and interactive reporting through high-fidelity Precision Reality Twins.

Products

Precision Asset Intelligence (PAI)

Description: Advanced cloud-based software enabling virtual inspections, reporting, planning, and monitoring of built assets within an interactive 3D environment.
Key Features:

• Millimetre detail 3D models of built structures

• Real-time defect identification and maintenance planning

• Interactive reporting and global expert collaboration

• World-class cybersecurity with certifications (ISO 27001, ISO 27701, ISO 9001, SOC2 Type 1, Type 2)

Precision Reality Twins (PRT)

Description: Exact digital replicas of built assets with millimetre detail, created from thousands of high-fidelity data points.
Key Features:

• 24-hour processing turnaround

• Sub-millimetre detail with 360-degree movement

• Compatible with multiple data formats including photos, BIM, LiDAR

• Layered data for comprehensive 3D models

• High-resolution interactive models for virtual inspections

Recent Developments

New Products and Features

• Saved Views: Allows users to save specific views of their 3D models for faster access, simplifying navigation and project management.

• Panoramas: Recently introduced for better visualization within the 3D models.

• Surface Deflection Tool & Cross-Section Tool: Identify roof deflections and measure slopes within the model.

Partnerships

• Egis, Applus+, VSL: Collaborating for the digital assessment of the King Fahd Causeway.

• RealAssetX: Developing AI property solutions for advanced defect detection and predictive failure.

• Stone and Chalk: Established new Sydney headquarters in this leading innovation tech hub.

Awards and Recognitions

• Most Innovative Proptech Scaleup of the Year 2024: Awarded for innovations in asset and facilities management.

• SOC2 Type 2 Certification: Achieved SOC2 Type 2 compliance for advanced data security and privacy measures.

Expansion and Milestones

• Global Reach: Expanded to over 20 countries, supporting leading organizations like National Grid, Infracorr, PGIM, and Welsh Water.

• Series A Funding: Successfully completed a Series A raise of $6.3 million AUD, led by Taronga Ventures and IAG.

• AI-Powered Crack Detection: Developed in collaboration with Datature to expedite condition assessments.

Strategic Case Studies

University of Sydney

Project: Digitally assess, monitor, and plan remediation for over 100 buildings, combining traditional methods and advanced technology.
Outcome: Enhanced asset management with reduced manual inspection times, leveraging Trendspek for data-driven decision making.

Welsh Water

Project: Implementing aerial services to inspect large assets like chimney stacks using Trendspek’s 3D models.
Outcome: Significant cost and time savings, improved safety, and more comprehensive asset condition data.

PGIM Real Estate

Project: Inspections of heritage building facades using drone capture and Trendspek’s 3D models.
Outcome: Faster, cost-effective, and accurate inspections, helping plan OPEX and CAPEX budgets more efficiently.

White Bay Power Station

Project: Digitally capture and inspect hard-to-reach areas for remediation planning ahead of the Sydney Biennale 2024.
Outcome: Invaluable data for planning extensive conservation works, enhancing project transparency and stakeholder communication.