TraceAir

TraceAir is an authorized developer of Autodesk's aeromonitoring service for construction and mining. The company provides a web platform - an Internet service of the same name, focused on construction companies, to control the quality and reduce 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 work prevents risks such as the rise in cost of the project and overpayment to the contractor, non-compliance with the planned plan and exceeding the deadlines.

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

History

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2021

Raising $5 million in investments

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

TraceAir intends to spend the funds on supporting business growth in the US residential construction market and expanding activities in the industrial, commercial and other construction industries.

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

Russian platform for monitoring construction sites TraceAir raised $5 million

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

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

The PIK TraceAir group of companies made 3D panoramas to create volumetric 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 TraceAir service is convenient in selecting territories for potential development - aerial scanning allows you to identify shortcomings that are hidden by the owners of the plots.

TraceAir is partnering with Autodesk. Ilya Emelyanov, a consultant at Autodesk, 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 it was raising $3.5 million in investments. As part of the A Series round, Liquid 2 Ventures, GEM Capital, GPS Ventures, Wrike CEO Andrei Filev and a number of investors who had previously provided financial support to the startup invested in the platform for monitoring construction sites. The main investor in this transaction was the XTX Ventures fund.

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

TraceAir raises $3.5 million

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

The pandemic COVID-19 has created new problems for the construction industry USA and the whole world, which has led to the postponement of projects and an increase in unemployment. Our platform allows you to more effectively manage projects and work remotely, minimizing the need for physical presence on the ground, "said TraceAir CEO 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 clients 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, TraceAir entered the 500 startups accelerator and received $125 thousand for 5% of the company. In August of the same year, the startup raised $15 thousand from a certain investment banker and $500 thousand from a player in the construction market. In 2018, Sistema VC and PIKvc (venture capital investment department of the PIK construction group), with the participation of Engeo, Independent Construction, invested about $2.5 million in TraceAir.^[1]

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