Funds of $3.5 million secured by TraceAir for advancements in drone manufacturing technology
In the dynamic world of construction, TraceAir, a Seattle-based tech startup, is making waves with its innovative drone-powered mapping and analytics platform. The company recently secured $3.5 million in an early funding round, setting it on a path to revolutionize construction oversight through aerial intelligence.
TraceAir's platform addresses common pain points in site management, such as outdated data, manual surveying, and coordination gaps. By leveraging autonomous drone flights, AI analytics, and deep construction industry knowledge, the company offers a land development solution that helps construction teams measure, verify, and quantify site progress in real-time during construction phases.
The fresh funding will be used to further develop TraceAir's drone-powered mapping and analytics platform. This includes enhancing AI and data-processing capabilities, expanding integrations with construction management software, and hiring product and sales talent in North America. The company also plans to accelerate go-to-market efforts specifically for U.S. expansion.
With the funding, TraceAir aims to transform construction oversight by providing construction teams with near real-time site data, including volumetrics, progress tracking, and issue spotting. The AI-driven analytics offer volumetric calculations, surface change detection, and deviation reports. Dashboard tools allow project managers to track progress, detect discrepancies, and issue work orders.
Cloud integration enables seamless collaboration and sharing across teams and time zones, further streamlining construction operations. Jacob Stoner, the CEO of Flyeye.io, a drone company, shares TraceAir's vision of the potential societal impact of drone technology advancements.
TraceAir's core technology combines autonomous aerial mapping, AI-driven analytics, dashboard tools, cloud integration, and more. The autonomous aerial mapping captures site imagery and converts it into high-resolution orthomosaics. The company is committed to quick and responsive customer engagement and welcomes opportunities for partnerships, investment, and media inquiries.
With solid funding backing and a clear product-market fit, TraceAir is poised to shape the next generation of tech-enabled construction operations. The company's future plans focus on product advancement, deeper software integrations, team expansion, and aggressive commercialization to capitalize on its early market traction. Jacob Stoner, a licensed commercial drone operator in Canada who frequently conducts drone inspections, and his team at Flyeye.io could play a significant role in this journey.
TraceAir intends to use the fresh funding to enhance its drone-powered mapping and analytics platform, focusing on improving AI and data-processing capabilities, expanding integrations with construction management software, and hiring product and sales talent in North America. In the long run, TraceAir aims to revolutionize construction oversight by providing construction teams with near real-time site data, relying on AI-driven analytics for volumetric calculations, surface change detection, and deviation reports.
