DURHAM — Biospatial Inc., a Durham-based health and safety data company, has raised $500,o00 in equity, according to a Securities and Exchange Commission filing.
Biospatial filed the Form D on April 17. The company did not specify what it intends to do with the proceeds.
Biospatial is working toward building a national network of data partners and operational users to support public health preparedness, enable informed emergency response and strengthen national security.
Biospatial uses large-scale data to improve things like population health and safety, treatment of opioid use and overdose, and traffic safety.
In February 2019, the Wyoming Department of Health, Public Health Division became the 17th state to partner with Biospatial.
The company is led by Paul Runkle, Biospatial’s CEO and co-founder.
Runkle previously worked for BAE Systems, a British multinational defense, security and aerospace company that employs over 85,800 people in more than 40 countries.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism.
