TraceAir secured $25 million in a Series B funding round led by PeakSpan Capital and Flashpoint Venture Capital to drive innovation in land development and homebuilding.

May 29, 2024•over 1 year ago

Amount Raised

$25 Million

Round Type

series b

SeattleConstructionSoftware

Investors

Flashpoint Venture CapitalPeak Span Capital

Description

TraceAir, a leading provider of site intelligence software, announced a $25 million Series B funding round led by PeakSpan Capital, with participation from Flashpoint Venture Capital among other existing investors. The investment will support the development and market roll-out of new products to boost land development and homebuilding workflows with predictive analytics, setting the industry on a new level of efficiency and automation.

Company Information

Company

TraceAir

Location

Seattle, Washington, United States

About

TraceAir is the enterprise software platform modernizing land development and construction with drone data and AI-powered workflows. By integrating site scans, topographic data, and project analytics into a single turnkey solution, TraceAir enables homebuilders and land developers to make faster, smarter, data-driven decisions. With nearly 300 active customers across North America and a global team of 170+ spanning the U.S., Armenia, and Spain, TraceAir is reimagining how the built environment gets created. Backed by PeakSpan Capital and other strategic investors, TraceAir is helping accelerate technology adoption in one of the world's largest industries.

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Funding Insights

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