OpenSpace, a US-based creator of imaging technology for use on construction sites, has collected $15.9m in a series B round featuring real estate services firm JLL Spark.
The round was led by venture capital firm Menlo Ventures and was also backed by Nine Four Ventures, Taronga Group, Navitas Capital and Zigg Capital. It said last week it has now raised $33.3m altogether.
Founded in 2017, OpenSpace markets computer vision software used to record 360-degree images of construction sites using a camera that can be fixed on a helmet.
The footage can then be accessed as a 3D virtual map of the job site along with snapshots to show how it has changed over time. OpenSpace will use the funding to help it meet anticipated demand for its system.
Lux Capital led a $14m series A round for OpenSpace in August 2019 that also featured JLL Spark, building firm Suffolk Construction, co-working space provider WeWork, real estate developer Tishman Speyer, Navitas Capital, Zigg Capital and Goldcrest Capital.
The company had previously raised an undisclosed amount in a 2017 seed round also led by Lux Capital that included GoldCrest Investments, National Science Foundation, Foundation Capital, Sterling Capital, Box Group, AngelList and Comet Labs.