Canvas, a leader in 3D measurement and modeling solutions for residential and light commercial spaces, announced a $10 million Series A funding round led by Trilogy Equity Partners & Foundry Group, with participation from Acquired Wisdom Fund, GC&H Investments, and Frontier VC.
This funding will accelerate Canvas’s efforts to solve the complex challenge of turning mobile 3D scans into precise, design-ready models tailored for construction and remodeling workflows.
With 15+ years of experience and 20+ patents in 3D sensing and computer vision, Canvas’s AI-based solutions help over 12,000 design and construction professionals save countless hours by eliminating manual measuring and as-built modeling. Instead, Customers use an iPhone or iPad to scan interior spaces in minutes and receive an instant 3D digital twin, and Canvas converts the scan into the CAD/BIM format they choose. This reduces errors and the need for labor-intensive modeling – allowing professionals to focus on their craft.
With this funding round, Canvas will recruit the world’s best researchers and engineers to push the boundaries of our proprietary AI-driven spatial data processing technology and reality capture. The company is also scaling its go-to-market team to bring Canvas’s groundbreaking solutions to design and construction professionals around the globe – unlocking new possibilities and transforming the way the industry works.
KEY QUOTES:
“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 makes this process simple and accessible, enabling professionals to focus on what they do best. This investment is a powerful endorsement of our ambitious mission to create a digital twin of every interior, transform it into structured data and power the full lifecycle of each property.”
– Canvas CEO Sarah Bird
“We’re at a pivotal moment in 3D modeling, driven by AI and the growing accessibility of LiDAR in mobile devices. Canvas is uniquely positioned to deliver an end-to-end solution that turns the real world into structured data for digital workflows. Canvas is starting with the massive residential and light commercial markets, providing affordable solutions for professionals at all levels. The potential for future applications is enormous.”
– Yuval Neeman of Trilogy Equity Partners
