Endiya Partners
Assembly Line
Track3D, an Industry-First Unified Reality Intelligence Platform For Construction, Secures $4.3 Million Seed Funding
Track3D, a Bay Area-based AI-first startup, building a pioneering reality intelligence platform for the construction industry, announced that it has secured $4.3 million venture capital seed funding. The funding will propel the adoption of Track3D’s groundbreaking unified reality capture data platform, designed for intelligent, comprehensive, AI-powered construction progress monitoring. The seed round was led by Endiya Partners, with participation from Shadow Ventures, Monta Vista Capital and others. The funds will be used to expand Track3D’s product offerings and bolster its go-to-market efforts.
Track3D, co-founded by Chaitanya Naredla (“NK”), Kiran Gutta, and Vineeth Paruchuri, is the built environment’s only AI-first Reality Intelligence Platform. It serves as a central hub for all visual data, transforming reality capture data from a system of record to a system of intelligence. Utilizing visual data from drones, 360 cameras, laser scanners, and mobile devices, Track3D provides actionable insights to enhance project oversight and decision-making within a single intuitive system.
Track3D’s platform has already demonstrated significant impacts, with companies reporting an average of a 15 percent productivity boost by reducing time spent on non-optimal activities, a 12 percent improvement in schedule adherence, and a 20 percent reduction in rework costs. Track3D is experiencing robust growth and engagement, having already secured enterprise clients such as Hensel Phelps and Performance Contracting, Inc. (PCI). The rapid adoption by these industry leaders demonstrates the substantial value they find in Track3D’s reality intelligence platform.