Kaarta announces $6.5M in Series A financing
Kaarta, a maker of real-time mobile 3D reality capture, announced that it has raised $6.5 million to accelerate the growth of its mobile mapping and localization technology. Kaarta’s technology is meant to enable built environment, geospatial, and autonomous robotics professionals to map and model indoor and outdoor spaces up to 10x faster and less expensively than traditional mapping methods.
Real estate technology venture capital fund GreenSoil Building Innovation Fund (GBIF) led the round with participation from Riverfront Ventures, Zamagias Properties, Quaker Capital Investments, and Startbot. As part of the financing, Susan McArthur, partner, GBIF joined the board. The company says that the funding will be used to fuel sales and marketing initiatives, expand talent acquisition, and further invest in research and development.
“Our investor group brings deep strategic expertise in property development, asset management, and commercial real estate as well as insights into the robotics and AI space,” said Kevin Dowling, Kaarta CEO. “Pittsburgh, with its world-renowned robotics institutions, access to technical talent, and abundance of industry partners is the ideal place for the further advancement of our technologies.”
“Kaarta’s technology and the team behind it are exceptional. We believe Kaarta will accelerate the adoption and utilization of 3D digital maps including digital twinning in the built world,” said Susan McArthur. "We look forward to being a part of this next exciting phase of Kaarta's growth.”
Kaarta says its products are in use today across a myriad of applications in architecture, engineering, construction, operations, industrial planning, civil and transportation infrastructure, security and threat assessment, mining, archeology, and autonomous technologies.
Kaarta’s technology is designed to be used to map complex environments with speed, fidelity, and ease. Kaarta works without external signal infrastructure such as GPS or Wi-Fi. Kaarta’s technology, can transform the real world into multi-dimensional 3D digital models.