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Kodifly secures $750,000 in seed funding from Laidlaw Scholars Ventures to enhance urban mobility with machine learning solutions

Jul 09, 2024over 1 year ago

Amount Raised

$750,000

Round Type

seed

Hong KongSoftwareArtificial Intelligence

Investors

Laidlaw Scholars Ventures

Description

Kodifly, a provider of infrastructure solutions for the mobility and transportation sector, has secured a $750,000 seed investment from Laidlaw Scholars Ventures. This funding will support Kodifly’s productization of its solutions, utilizing machine learning to create digital twins of environments using LiDAR and real-time video analytics within urban settings.

Company Information

Company

Kodifly

Location

Hong Kong, Hong Kong SAR, China

About

Kodifly is a cutting-edge technology company that specialise in lidar and camera fusion technology, combined with advanced deep learning algorithms, delivers highly accurate and color-rich 3D models in real-time that enable users to easily detect, analyze and interpret changes in infrastructure and environment. By leveraging our solution, our clients are able to make informed decisions that improve safety, efficiency and operational performance. Our solution is currently being used by several key industry players, with plans to expand into new verticals in the near future.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech