: Preimage announces raising of .7 mn seed funding #FinanceIndia #StockMarketNEWS #Business Staff Reporter Panaji Cloud-based 3D reconstruction application, IT startup, Preimage, on Thursday,

@StockMarketNEWS Mon 03 Oct, 2022

Posted in: #FinanceIndia #StockMarketNEWS #Business

Preimage announces raising of .7 mn seed funding #FinanceIndia #StockMarketNEWS #Business
Staff Reporter

Panaji

Cloud-based 3D reconstruction application, IT startup, Preimage, on Thursday, announced raising of .7 million seed funding from pi Ventures, Better Capital, Java Capital, and other angel investors.

The company plans to use the fresh funds to double down on their product build, scale its team across business functions, and build a robust go-to-market in the drone-based mapping and surveying use case.

“3D digital clones are useful for geometric measurements, visual inspections, 3D graphics, architectural modelling, archaeological preservation, and scientific simulations. The market for the creation of 3D digital clones of real-world environments is gaining momentum across several businesses in different verticals,??? said Preimage, Goan co-founder and CEO Ugam Kamat. The other co-founder of the company is Siddharth Jha. Kamat disclosed that, Preimage is one of the first companies in the world to rethink this market and empower users with the advances of AI to handle the scale of visual data for the current decade.

Earlier this year, Preimage released a beta version of its product that engaged more than 200 business customers ranging from small businesses to large enterprises across U.S., India, Asia Pacific, and Europe. The startup’s open-to-all 3D reconstruction platform will be released later this year.

Preimage had previously raised a pre-seed round of 5,000 last year. The company’s head office is in Bengaluru.