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Canvas Raises $10M to Innovate 3D Modeling Solutions in Construction

Canvas, a frontrunner in 3D measurement and modeling technologies, has recently secured a substantial investment of $10 million through a Series A funding round. The funding was primarily spearheaded by Trilogy Equity Partners and Foundry Group, with involvement from Acquired Wisdom Fund, GCH Investments, and Frontier VC. This financial injection is aimed at propelling Canvas’s mission to transform mobile LiDAR scans into precise, design-ready 3D models, significantly aiding construction and redesign workflows.

For over 15 years, Canvas has distinguished itself in the realm of 3D sensing and computer vision, accumulating more than 20 patents in these fields. The company’s innovative AI-oriented solutions have already benefitted over 12,000 professionals in design and construction sectors. By using a simple iPhone or iPad, users can scan interior environments within minutes. Canvas then processes these scans to produce a digital twin of the space, tailored promptly to the user's preferred CAD/BIM format. This state-of-the-art approach not only mitigates errors significantly but also alleviates the need for labor-intensive modeling, enabling professionals to concentrate on their core competencies.

The CEO of Canvas, Sarah Bird, highlighted the significance of this funding, stating, “Canvas is solving a critical challenge in the design and construction industry, turning raw 3D scans into reliable, construction-grade models quickly and affordably. Our technology simplifies this process, enabling professionals to focus on what they do best.” She emphasized the company's ambition to digitally replicate every interior space, transforming it into structured data that optimally supports the complete lifecycle of the properties.

Yuval Neeman from Trilogy Equity Partners also remarked on the pivotal moment 3D modeling is currently experiencing, which is driven by advancements in AI as well as the increasingly affordable LiDAR technology in mobile devices. This positions Canvas uniquely within the market, as the company aims to deliver an all-encompassing solution that effectively converts real-world environments into structured data meant for digital workflows.

This investment marks an exciting chapter for Canvas, as it plans to onboard top-tier researchers and engineers to push further into enhancing its proprietary AI-powered spatial data processing technology and reality capture capabilities. Furthermore, the company is dedicated to scaling its go-to-market teams to expand its outreach to design and construction professionals globally. This step aims to unlock new potentials and revolutionize existing workflows within the industry.

About Canvas

Canvas is recognized as the top provider of 3D measurement and modeling technology for architecture, interior design, and construction sectors. With an impressive 110+ million square feet modeled, Canvas leverages cutting-edge advancements in AI and mobile-device LiDAR technology to ensure that property reality capture and analysis remains accessible to all professionals. This innovation not only saves countless hours associated with field measuring and as-built modeling but also enhances accuracy and productivity across various projects.

For further insights into Canvas's offerings, visit their official site at canvas.io, or follow them on social media platforms like Facebook, Instagram, and LinkedIn under the handle @ScannedWithCanvas.