Track3D, a company that has quickly established itself as a leader in applying Reality Intelligence to the construction industry, recently announced a significant achievement: a successful Series A funding round that brought in $10 million. The funding round was led by Ironspring Ventures, with Zacua Ventures acting as a co-lead investor. Existing investors Shadow Ventures and Monta Vista Capital also contributed to this round, bringing Track3D’s total funding to an impressive $14.3 million since its establishment in 2022.
This investment is poised to dramatically change how construction projects are overseen, providing builders with clear, verifiable insights into their progress. And in a remarkably short period, just over a year, Track3D has solidified its position as the preferred Reality Intelligence platform for construction professionals. The platform has already been utilized on more than 400 projects, with renowned ENR Top Contractors, such as Hensel Phelps and PCI, among its earliest adopters. The fact that several of these prominent firms have committed to the industry’s first multi-year, multi-million-dollar enterprise agreements underscores just how essential Track3D has become to their day-to-day operations.
Track3D’s core mission is to bring much-needed clarity to the often-chaotic environment of a construction jobsite. The platform achieves this by seamlessly gathering data from a variety of sources, including 360-degree cameras, drones, laser scanners, and even smartphones equipped with LiDAR technology. All this diverse data is then consolidated into a single, comprehensive cloud record. Sophisticated artificial intelligence models then process this information, transforming raw data into practical and actionable insights. These insights encompass detailed progress tracking, validation of work that has been completed in place, and performance analytics that are directly linked to project drawings and specified quantities. The result is that builders gain a transparent and undeniably verifiable view of their projects, which significantly helps in reducing disputes, fostering better collaboration among teams, and ensuring that project schedules and budgets remain firmly on track.
One of Track3D’s most compelling advantages is its rapid deployment. In stark contrast to traditional monitoring systems that often require four to six weeks for complete setup, Track3D can be operational in a single day. With just the project drawings and an initial data capture, construction teams can begin to see valuable progress insights almost immediately, enabling quicker decision-making and project adjustments.
Looking ahead, Track3D is not only focused on expanding its teams and accelerating innovation but is also actively preparing to introduce a new suite of advanced AI-powered features. These upcoming capabilities will include sophisticated deviation detection, providing early warnings of potential project delays, and intelligent agents designed to support project teams actively. These advancements represent a significant shift, moving project monitoring beyond mere reactive documentation and towards proactive project intelligence, where potential issues can be identified and addressed before they escalate.
In an era where contractors face a complex array of challenges—including widespread labor shortages, escalating costs, and ever-increasing project complexity—Track3D offers a vital solution. By grounding every decision in reality-based intelligence, the platform empowers teams to deliver projects with confidence and precision, ensuring successful outcomes in a demanding industry.
Currently, the Track3D platform is broadly available across North America. Its deployment is robustly supported by comprehensive enterprise rollouts, dedicated customer success teams committed to client satisfaction, and seamless integrations with the project management tools that contractors are already accustomed to using, making adoption straightforward and efficient.
KEY QUOTES:
“Track3D was designed AI-first, making Reality Intelligence extremely simple and accessible across a wide variety of projects. By providing owners, general contractors, and trade partners with a shared operating system, we transform raw site data into proactive intelligence – delivering certainty, transparency, and accountability at every stage. Our rapid U.S. adoption, supported by industry-leading investors like Ironspring and Zacua, validates that Track3D is not just a monitoring tool, but the new foundation for how construction projects are run.”
Chaitanya NK, Co-Founder & CEO of Track3D
“With a powerful AI-first solution purpose-built to modernize construction monitoring, Track3D equips jobsite decision-makers with unparalleled insight that leads to better project outcomes. The company’s impressive commercial acceleration, having seen 10x YoY ARR growth, is unmatched in the construction tech sector, and this traction clearly demonstrates the quick impact Track3D has for its blue-chip customers.”
Ty Findley, Co-Founder & General Partner at Ironspring Ventures
“The construction industry operates under relentless time and cost pressures, which makes transparency and adaptability absolutely essential. Track3D has built a platform that delivers both – bringing structure and insight to the flood of visual data generated onsite. Their ability to track progress with precision across multiple data sources doesn’t just improve visibility; it empowers teams to avoid costly mistakes before they happen. What excites me most is that Track3D isn’t stopping at documentation – they’re laying the groundwork to solve construction’s holy grail: true production tracking. That’s the future, and Track3D is well-positioned to lead it.“
Vivin Hegde, Founding Partner at Zacua Ventures
