Track3D Secures $4.3M in Seed Funding to Revolutionize Construction Monitoring

Author

Slice of Construction Team
September 13, 2024

Key Highlights:

  • Track3D secures $4.3M in seed funding led by Endiya Partners.

  • AI-powered construction monitoring platform to revolutionize progress tracking.

  • Significant productivity improvements reported by enterprise clients, including Hensel Phelps and PCI.

  • Track3D’s unified platform provides actionable insights from drones, 360 cameras, laser scanners, and mobile devices.

Source (PR Newswire)

Notable Quotes:

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"Track3D is shaping the digital transformation of a pivotal sector. We believe the time is now for a unified, data-agnostic construction monitoring solution."

Sateesh Andra, Managing Director at Endiya Partners
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"Track3D is not just having an impact on one of the largest industries in the world, but society itself."

KP Reddy, Founder and CEO at Shadow Ventures
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"We've achieved a perfect synergy of speed, accuracy, and cost-efficiency that's pivotal for modern construction monitoring."

Thai Nguyen, Director of Innovation at Hensel Phelps

Our Take:

Track3D’s $4.3M funding marks a significant moment for the construction industry, as its AI-first approach to reality capture delivers unprecedented transparency and efficiency. With a focus on real-time data and actionable insights, Track3D is poised to drive industry-wide transformation, addressing core challenges in productivity, scheduling, and rework costs. The rapid adoption by major players such as Hensel Phelps and PCI further demonstrates the platform's game-changing potential, positioning Track3D as a key player in the future of construction technology.