Pittsburgh, Pennsylvania-based Kaarta is known as an innovator of real-time mobile 3D reality capture. And Kaarta recently announced it has raised $6.5 million in funding led by real estate technology venture capital fund GreenSoil Building Innovation Fund (GBIF). Riverfront Ventures, Zamagias Properties, Quaker Capital Investments, and Startbot also participated in the round.
Kaarta’s innovative technology enables environment, geospatial, and autonomous robotics professionals to map and model indoor and outdoor spaces up to ten times faster and in less expensive ways than traditional mapping methods.
“Our investor group brings deep strategic expertise in property development, asset management, and commercial real estate as well insights into the robotics and AI space,” said Kaarta CEO Kevin Dowling. “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.”
With this funding round, Kaarta is going to accelerate sales and marketing initiatives, expand talent acquisition, and further invest in R&D. And in conjunction with this funding round, GBIF partner Susan McArthur is joining the company’s board.
“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,” added McArthur. “We look forward to being a part of this next exciting phase of Kaarta’s growth.”
Kaarta’s products are being used across a wide range of applications in architecture, engineering, construction, industrial planning, civil & transportation infrastructure, operations, mining, archeology, autonomous technologies, and security & threat assessment.
“With Kaarta, we are able to quickly provide any property owner/operator or management official with the space layouts and measurements that are critically important to manage and report on their capital and real estate assets,” explained Concourse Federal Group president Geoff Perkins “Kaarta is efficient, allowing Concourse to map an entire space in a matter of minutes, saving our clients time and money and delivering the level of accuracy they expect.”
During Kaarta’s three full years of operations, Kaarta demonstrated rapid market traction and leadership in the real-time 3D mapping space. For example, the company built a global distribution network and has an expanding addressable market that provides a great opportunity for accelerated growth.
“Badger Technologies uses Kaarta’s mapping system to create a master map of grocery and other retail stores, allowing our autonomous robot to intelligently navigate the store as it focuses on identifying mispriced, misplaced, or out-of-stock inventory as well as spills and other hazards,” noted Jabil business development head Mark A. Shake (Badget Technologies is a product division of Jabil). “Using Kaarta, we can map a 60,000 sq ft (5,600 sq m) store in an hour or less. We have already captured over 400 retail locations for our first customer and are excited to expand our roll out, plus develop new opportunities in the retail space.”
Kaarta’s 3D reality capture technology is able to map complex environments with unprecedented speed, fidelity, and ease. And it works without external signal infrastructures like GPS or Wi-Fi.
The company’s patent-pending technology is rooted in advanced robotics and accurately transforms the real world into multi-dimensional 3D digital models — which streamlines workflow, lowers costs, and provides a new level of understanding of spaces for humans and autonomous machines.
