Track3D Raises $10 Million to Revolutionize Construction Monitoring Using AI

Track3D Raises $10 Million to Revolutionize Construction Monitoring

Track3D, recognized as a leader in Reality Intelligence for the construction sector, has successfully secured $10 million in a Series A funding round. This investment aims to enhance the way construction monitoring is carried out by providing builders with verifiable progress insights. The funding, led by Ironspring Ventures, includes contributions from Zacua Ventures, Shadow Ventures, and Monta Vista Capital. With this latest round, Track3D’s total funding has reached $14.3 million since its launch in 2022.

Since its inception, Track3D has emerged as a crucial platform for construction professionals. Over 400 construction projects have already utilized their technology, with notable Adoption Among ENR Top Contractors like Hensel Phelps and PCI. These companies have established some of the first multi-year, high-value enterprise agreements within the industry, underlining the essential role Track3D has come to play in enhancing operational capabilities.

Track3D addresses the complex chaos often associated with construction sites. By leveraging data gathered from 360° cameras, drones, laser scanners, and LiDAR-enabled smartphones, the platform creates a consolidated cloud record of each project. Advanced artificial intelligence models then convert this data into actionable insights that include progress tracking, validation of work performed, and performance analytics that correlate directly with project drawings and quantities. This level of transparency assists builders in minimizing disputes, facilitating better collaboration, and keeping both project schedules and budgets intact.

Unlike conventional systems, which typically require four to six weeks for setup, Track3D can be operational within a single day. With only initial project drawings and the first data capture, teams can start receiving progress insights immediately, making the platform a highly efficient tool in construction project management.

Chaitanya NK, Co-Founder and CEO of Track3D, emphasized the platform's user-friendly design tailored for AI applications: “Track3D was designed AI-first, ensuring that Reality Intelligence remains straightforward and accessible across various project types. By equipping owners, general contractors, and trade partners with a unified operational system, we transform raw site data into proactive intelligence. This shift brings certainty, transparency, and accountability into every project stage.”

In addition to scaling teams and driving innovation, Track3D has plans to introduce a range of AI-driven features that include deviation detection capabilities, early alerts for potential delays, and intelligent agents designed to assist project teams. Collectively, these features aim to transition construction monitoring from a reactive to a proactive intelligence model.

Ty Findley, Co-Founder and General Partner at Ironspring Ventures, highlighted Track3D’s strong commercial momentum, noting that the company has achieved a remarkable tenfold year-over-year annual recurring revenue growth, making it a standout performer within the construction tech arena. This growth illustrates the significant impact Track3D has had on its corporate clientele.

Vivin Hegde, Founding Partner at Zacua Ventures, remarked on the strategic advantages offered by Track3D’s platform. “In a construction environment marked by relentless pressure regarding time and costs, transparency and flexibility are indispensable. Track3D offers a solution that not only facilitates insight but also helps teams avert costly errors before they arise. Their pioneering efforts are paving the way for future advancements in precise production tracking.”

As many contractors today grapple with workforce shortages, escalating costs, and increasingly complex projects, Track3D equips teams with the necessary tools to deliver projects confidently, each decision anchored in real data. The platform is currently available throughout North America, supported by company-wide rollouts, dedicated customer service teams, and seamless integrations with widely used project management software.

For contractors and owners wishing to explore Track3D's impact directly, live demos can be requested via their official website.

About Track3D

Track3D, a construction technology enterprise based in the Bay Area, is committed to transforming project execution through Reality Intelligence. The platform integrates site data with cutting-edge analytics, providing construction teams with a comprehensive view to effectively monitor progress, identify potential risks early, and make informed decisions. Trusted by premier contractors and project owners across the U.S., Track3D assists teams in reaching their deadlines while adhering to budget constraints.

To discover more, visit Track3D's official website and follow them on LinkedIn.