TraceAir

TraceAir is an authorized developer of Autodesk Aeromonitoring Service for construction and mining. The company provides a web platform - an Internet service of the same name, focused on construction companies, for quality control and reducing the cost of construction using high-tech plan-fact comparison tools based on high-accuracy data collected by unmanned aerial vehicles.

The solution is based on a visual interface and analytical algorithms based on data collected by autonomous unmanned aerial vehicles. The use of this software product in the implementation of construction works prevents risks such as increased cost of the project and overpayment to the contractor, non-compliance with the planned plan and exceeding the deadlines.

The service operation scheme includes several stages. First, the customer determines the territory for monitoring, then the pilot of the company TraceAir, using an aircraft, takes aerial photographs on it using a special technology that allows obtaining high-accuracy data. The collected images are processed within 3-10 hours on the server TraceAir into an orthophotoplane, a 3D model, and a point cloud. The results of the shooting are available on the TraceAir website for further work with them through the Internet on any device using convenient online tools.

History

2021

Attracting $5 million of investments

At the end of November 2021, TraceAir announced the attraction of $5 million in investments. Flashpoint Venture Capital, as well as a number of other investors, invested in the startup.

The TraceAir intends to spend the funds received to support business growth in the residential construction market in the United States and expand activities in the industrial, commercial and other construction sectors.

Taking into account the financing, which was announced at the end of November 2021, the total investment in the Russian platform for controlling construction sites amounted to more than $10 million.

Russian platform to control construction sites TraceAir raised $5 million

The service is TraceAir used in more than 800 projects around the world. According to TraceAir 's own data, the company's revenue in 2021 will triple compared to 2020. But the company does not name specific figures.

The market in which the company operates, it estimates at $12 billion on a global scale. About a third of revenue comes from the United States. The startup is developing a cloud platform that helps developers and contractors monitor and control the work. 3D shooting sites are engaged in, drones the system checks how much the pictures correspond to the plans.

The PIK group of companies TraceAir made 3D panoramas for creating voluminous models of new residential complexes so that apartment buyers could observe the construction process on the group's website. Alexey Duk, Deputy Director of the Design Department of PIK Group of Companies, in a conversation with Forbes explained that the service is TraceAir convenient when selecting territories for potential development - air scanning allows you to identify shortcomings that conceal site owners.

TraceAir collaborates with Autodesk. Ilya Emelyanov, an Autodesk consultant, notes that the photogrammetry technology used by TraceAir is much more efficient than laser scanning and, thanks to the use of drones, allows you to get an up-to-date picture on a huge area in the shortest possible time.

Raising $3.5 million

On January 20, 2021, TraceAir announced the attraction of $3.5 million in investments. As part of the A Series round, Liquid 2 Ventures, GEM Capital, GPS Ventures, WrikeAndrey Filev, CEO and a number of investors who had previously provided financial support to the startup, invested in the platform to control the construction sites. The main investor in this transaction was the XTX Ventures fund.

The agreement parameters and TraceAir assessment remained confidential. According to the company's own data, in its entire history $7 million was raised, including $2.5 million from the Sistema VC fund and others in 2018.

TraceAir raised $3.5 million

The funds received as part of the investment transaction in January 2021 will go to strengthen the sales and marketing team, accelerate the development of new platform features, as well as improve customer service processes.

The COVID-19 pandemic created new problems for the US construction industry and the world, which led to the postponement of projects and increased unemployment. Our platform allows you to more efficiently manage projects and work remotely, minimizing the need for a physical presence on the ground, "said TraceAir Director General Dmitry Korolev, commenting on attracting investments.

The project works in Russia and the USA, in its staff more than 50 people. Among the company's customers are Sibur, Gazprom Invest, PIK Group and Norilsk Nickel. In the United States, the startup mainly works in the field of residential construction, collaborating with 7 of the 25 largest developers in the country.

2016-2018

In May 2016, the company TraceAir entered the accelerator 500 startups and received $125 thousand for 5% of the company. In August of the same year, the startup attracted $15 thousand from a certain investment banker and $500 thousand from a player in the construction market. In 2018, Sistema VC and PIKvc (department of venture capital investments of the PIK construction group), with the participation of Engeo, Independent Construction, invested about $2.5 million in TraceAir.^[1]

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