The company has built one of the most scalable AI platforms to enable rapid, automated 3D point cloud classification. Enview's unique methods for processing 3D data were explicitly designed to work where traditional 2D image processing fails
Fremont, CA: 3D geospatial data firm Enview raised USD 12 million in an oversubscribed round led by Statkraft Ventures, a Europe-based, energy-focused Venture Capital Fund, along with BrightCap Ventures. Ahoy Capital also participated in the investment round along with existing investors Crosslink Capital and Skype Co-Founder Toivo Annus.
"We are excited to invest into an inspiring team and tech at Enview ready to further increase the data-processing and analytics capabilities of their customers working around critical energy infrastructure. We do see a clear need for modeling the world in 3D in different verticals and are proud to back Enview on their journey of applying this tech to additional use cases, customers and geographies," said Alexander KÃsppers from Statkraft Ventures.
The company has built one of the most scalable AI platforms to enable rapid, automated 3D point cloud classification. Enview's unique methods for processing 3D data were explicitly designed to work where traditional 2D image processing fails. The power to process 3D data at unmatched scale and speed enable governments and energy companies to create digital twins of their physical world, rapidly identify change, and reduce time to action.
"Even in these unprecedented times, we're honored to see the support and enthusiasm for Enview from both the public and private sectors," said Enview CEO and co-founder San Gunawardana. "Over the last few months, we've seen great momentum from government contracts as well as energy companies looking to Enview for a wide range of use cases from protecting critical infrastructure to emergency response and off-road mobility. With these partnerships, we're able to grow our team and accelerate our development to meet these market demands." The company will use the proceeds from the funding round to accelerate the hiring of various positions across the company to meet the public and private sector demand. The Silicon Valley-based company exists to protect people and critical infrastructure and to enhance national security by mapping the world in 3D.