Intermap Technologies is a geospatial data and analytics company that collects, processes, and sells high-resolution 3D terrain data. Intermap's core product is digital elevation models (DEMs) — detailed, three-dimensional maps of the Earth's surface used by customers for flood risk modeling, military navigation, drone and aviation safety, telecom network planning, and insurance underwriting. Intermap collects this data using proprietary airborne radar (IFSAR) mounted on Learjet aircraft, which can collect through clouds, at night, and through forest canopy — advantages over optical and LiDAR alternatives, particularly in tropical geographies. This raw data feeds Intermap's NEXTMap library, a large proprietary 3D geospatial archive with sub-meter resolution. Intermap sells to two broad customer groups: governments and defense agencies (national mapping agencies, the NGA, DARPA, and allied militaries) through large project-based contracts, and commercial enterprises (insurers, airlines, drone operators, telecoms) through subscriptions and data licenses. Intermap reports three revenue categories: Acquisition Services (fee-for-service government mapping flights), Data Licenses (licensing the existing NEXTMap archive at high incremental margins), and Software and Solutions (subscription-based insurance analytics platforms InsitePro and Aquarius, plus the NEXTView aviation product). The Software and Solutions segment is now the largest and fastest-growing, as insurance carriers automate underwriting at scale. Intermap is actively shifting its revenue mix toward recurring commercial subscriptions to reduce reliance on lumpy government contract timing.
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