Track3D, a cutting-edge technology platform for the construction sector, has secured USD 4.3 million in seed funding led by Endiya Partners, with additional investments from Shadow Ventures, Monta Vista Capital, and others. This funding will enhance Track3D's AI-powered reality capture data platform, designed for advanced construction progress monitoring. Co-founded by Chaitanya Naredla, Kiran Gutta, and Vineeth Paruchuri, Track3D offers a unique 'AI-first reality intelligence' solution that transforms raw visual data into actionable insights using drones, 360 cameras, laser scanners, and mobile devices. The platform has improved productivity by 15%, adherence to schedules by 12%, and reduced rework costs by 20%.
Track3D, a technology platform serving the construction sector, has successfully gathered USD 4.3 million (approximately INR 36 crore) from investors to support its expansion. The company announced that it has "obtained USD 4.3 million in seed funding." This funding round was spearheaded by Endiya Partners and also included contributions from Shadow Ventures, Monta Vista Capital, and other investors.
The investment is intended to increase the usage of Track3D's integrated reality capture data platform, which utilizes AI to offer advanced and thorough monitoring of construction progress. Established by Chaitanya Naredla, Kiran Gutta, and Vineeth Paruchuri, Track3D is known for its expertise in 'AI-first reality intelligence' for the construction industry.
The platform acts as the primary center for all visual information, converting reality capture data from being a mere record system into an intelligent system. Using visual data from drones, 360 cameras, laser scanners, and mobile devices, Track3D claims to offer practical insights to improve project supervision and decision-making within a unified, user-friendly platform.
"The strong backing from these leading investors demonstrates the high level of confidence the industry has in the Track3D platform. While reality capture is not a novel concept, Track3D's Reality Intelligence Platform stands out as a unique and pioneering unified platform that transforms raw data into significantly more valuable insights using advanced AI tools," stated Chaitanya.
Track3D claims that its platform has increased productivity by 15%, enhanced schedule adherence by 12%, and reduced rework costs by 20%, securing the business of major clients such as Hensel Phelps and PCI.
In conclusion, Track3D has successfully raised USD 4.3 million in seed funding led by Endiya Partners, with additional contributions from Shadow Ventures, Monta Vista Capital, and others. This investment will propel the expansion of Track3D's AI-driven reality capture data platform, which offers advanced construction progress monitoring. Co-founded by Chaitanya Naredla, Kiran Gutta, and Vineeth Paruchuri, Track3D's platform transforms raw visual data from drones, 360 cameras, laser scanners, and mobile devices into actionable insights, boosting productivity by 15%, improving schedule adherence by 12%, and cutting rework costs by 20%. This significant backing underscores the industry's confidence in Track3D's innovative approach.
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