HUVIAiR Technologies, a Bengaluru, India-based remote monitoring and management software for construction projects, raised $3.2 million in its Series A.
The round was led by Chiratae Ventures, other investors taking part in this round include SOSV, RMZ Management LLP, and Artesian Venture Partners.
With this new round of funding, HUVIAiR expects to hire key people, build newer product features, scale customer acquisition in India and a few strategic markets overseas, including the USA.
Company: Huviair Technologies Pvt Ltd.
Round: Series A
Funding Month: January 2022
Lead Investors: Chiratae Ventures
Additional Investors: SOSV, RMZ Management LLP, and Artesian Venture Partners
Company Website: https://huviair.com/
Software Category: Visual intelligence platform
About the Company: Founded by Vikshut Mundkur and Arjun Janananda, Huviair is a construction technology company that helps the business' to enhance on-site productivity and reduce progress monitoring time while cutting down on overall project costs. Huviair's visual intelligence technology is leveraged by top management to gain more visibility and control at all stages of construction while giving them actionable insights that drive down costs. Drones, cameras, laser scanners, and Huviair's analytics ensure speed, precision, and cost-effectiveness. Huviair aims to reduce wastage in the construction sector and make developers more profitable. The engine then processes these diverse information streams to determine the construction progress (exterior and interior), detect anomalies, project deviations, and benchmark the actual progress of the construction against the plan. Their flagship SaaS platform CONSTRA derives insights from images and videos (of building exterior and interior) to help through the planning, building, and inspection stages of construction projects.