Tuesday, November 29, 2022
HomeInsightFunding Alert Preimage raises $1.7 mn seed funding led by Pi Ventures

[Funding alert] Preimage raises $1.7 mn seed funding led by Pi Ventures

Preimage, a cloud-based 3D reconstruction startup with headquarters in Bengaluru and the US, has received $1.7 million in seed funding from pi Ventures, Better Capital, Java Capital, and other angel investors.

Preimage, a cloud-based 3D reconstruction startup with headquarters in Bengaluru and the US, has received $1.7 million in seed funding from pi Ventures, Better Capital, Java Capital, and other angel investors.

The startup will use the additional funding to intensify product development, expand its staff across business areas, and create a strong go-to-market strategy for the drone-based imaging and measuring use case.

Founded in founded in 2020 by Ugam Kamat and Siddarth Jha, Preimage is a fast, scalable, and integrable 3D reconstruction platform that processes photos to generate high-quality 3D digital twins of real-world environments and assets.

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“The market for the creation of 3D digital clones of real-world environments is gaining momentum across several businesses in different verticals. We are one of the first companies in the world to rethink this market and empower users with the advances of AI to handle the scale of visual data for the current decade. We are thrilled to have partnered with Better Capital and pi Ventures at the earliest part of our journey and are humbled by the trust instilled in us”, Ugam Kamat, Co-Founder & CEO said.

Preimage launched a beta version of its software earlier this year, engaging more than 200 business clients from small to large firms in the US, India, Asia Pacific, and Europe. Later this year, they will provide a 3D reconstruction platform that is open to everyone.

“The demand for 3D content is increasing. However, the traditional tools for 3D reconstruction plagued with long processing time, inadequate accuracy and a lack of generalizability are unable to fulfill the market demand. Preimage solves this problem using deep learning AI models & distributed computing to build a horizontal platform that can cater to multiple industries while being fast and accurate. We are excited to partner with Ugam and Siddharth on their journey to disrupt this space”, Roopan Aulakh, Managing Director, pi Ventures, said.

Read also – [Funding alert] NATUREPRO raises Rs 50 lakh in seed round

Preimage received $355K in pre-seed fundraising last year from Better Capital, Arka, and iSeed Ventures. This round was headed by Better Capital.

About Preimage

Preimage is a 3D reconstruction platform that processes images quickly, flexibly, and seamlessly to create high-quality 3D digital twins of real-world locations and objects.

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