OpenSpace has created the most advanced reality capture technology for construction teams by leveraging computer vision, artificial intelligence (AI), and 3D modeling. The OpenSpace product makes it easy to capture 360° images of a job site simply by mounting a camera to a helmet and walking through the job site. This process takes a fraction…
OpenSpace raises $15.9 million to automate photo documentation on construction sites
OpenSpace, a platform that helps construction teams track the progress of building projects by capturing 360-degree photos of construction sites, has raised $15.9 million in a series B round of funding led by Menlo Ventures.
While the construction sector has never been renowned for efficiency, digital technology is playing a pivotal role in getting the $11 trillion industry back on its feet during the COVID-19 crisis. The industry has been particularly hard hit by the pandemic, due to social distancing measures, but AI and remote collaboration tools are making it easier to resume some projects by reducing the number of people required to be on-site.
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