[Funding News] Track3D Raises $4.3 Mn Seed Funding Round from Endiya Partners

Track3D, an AI reality intelligence platform for the construction industry, announced that it had secured $4.3 million in seed funding. The funding was led by Endiya Partners, with participation from Shadow Ventures and Monta Vista Capital.

The investment will assist Track3D in the promotion of its AI-powered, unified reality capture data platform for intelligent construction progress monitoring.

Track3D is an AI-first venture headquartered in the Bay Area of the United States, with offices in Milpitas, California, and Hyderabad, India. It transforms raw data into actionable insights through advanced AI tools by centralizing visual data from drones, 360 cameras, laser scanners, and mobile devices.

Read also - Flexiloans Raises Rs 290 Cr Funding Led by Accion, Fundamentum, Others

The platform's capabilities on both web and mobile are enhanced by the 100 experts in AI, ML, engineering, and support at its Hyderabad office, which promotes innovation in AI analytics and 3D computer vision.

In a statement, Track3D asserts that it has attracted enterprise clients such as Hensel Phelps and PCI by increasing productivity by 15%, reducing revision costs by 20%, and improving schedule adherence by 12%.

About Track3D

Founded in 2022 by Chaitanya Naredla, Kiran Gutta, and Vineeth Paruchuri, Track3D is the leader in Reality Intelligence, revolutionizing construction monitoring with cutting-edge AI-driven technology.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.