Seattle-based startup TraceAir has recently announced a successful $25 million Series B funding round to support the growth of its project management software designed for home builders and land developers. The company, founded in 2015, utilizes drones to survey project data, which is then analyzed through their software platform to improve efficiency and automation in the construction industry. TraceAir’s goal is to streamline project management processes and provide valuable insights to its users to help them make informed decisions.
The Series B funding round was led by PeakSpan Capital with participation from Flashpoint Venture Capital and other existing investors. This significant investment will enable TraceAir to further develop its software solutions and expand its market presence. The company’s innovative approach to using drones in project management has attracted interest and support from various investors who see the potential for growth and success in this technology-driven industry.
TraceAir’s co-founders, Maria Khokhlova, Dmitry Korolev, Alexander Solovyev, and Nikita Ushakov, bring a wealth of experience and expertise to the company. Korolev, who serves as the CEO, has previous experience leading a facilities monitoring company called the Karlsson Project. With a strong leadership team and a proven track record of success, TraceAir is well-positioned to capitalize on the growing demand for advanced project management solutions in the construction sector.
The funding round will enable TraceAir to enhance its software platform and introduce new features that will further streamline project management processes for its users. By leveraging drone technology and data analytics, TraceAir is able to provide valuable insights and real-time information to help home builders and land developers make informed decisions and improve overall project efficiency. This innovative approach to project management has the potential to revolutionize how construction projects are planned, executed, and monitored.
With the support of investors like PeakSpan Capital and Flashpoint Venture Capital, TraceAir is well-equipped to scale its operations and reach new customers in the construction industry. The funding will also help the company expand its team and invest in research and development to stay ahead of the competition. As TraceAir continues to innovate and improve its software solutions, it is poised to become a leader in the project management software market, offering cutting-edge technology and valuable insights to its customers.
Overall, the $25 million Series B funding round will enable TraceAir to accelerate its growth and solidify its position in the construction industry. With a focus on efficiency, automation, and data analysis, TraceAir is well-positioned to meet the evolving needs of home builders and land developers who are looking for advanced project management solutions. By combining drone technology with powerful software tools, TraceAir is helping its customers optimize their processes, reduce costs, and improve project outcomes.
