Allvision Announces $3.2 Million Seed Investment
PITTSBURGH, PA -- Allvision, a geospatial analytics company providing insights and business intelligence to verticals such as infrastructure management, insurance, advertising and security, has raised $3.2 Million USD in Series Seed funding raised. Lavrock Ventures was joined by The Robotics Hub, IDEA Fund Partners, and Sands Capital Ventures in funding the company, which is spearheaded by reality capture veterans. Funding will be used to accelerate product development, further hires and pursue additional go-to-market opportunities. “Allvision’s platform aggregates multiple sources of data and, through the power of machine learning and cloud computing, provides analysis tools to deliver actionable information -- giving my team the ability to make informed decisions in near real time,” said Karina Ricks, Director, Department of Mobility and Infrastructure, City of Pittsburgh, one of Allvision’s most recent clients. “We are excited to be partnering with Allvision on a pilot addressing urban mobility challenges, starting with curb space management.” “The real world around us is constantly captured by a range of technologies including Light Detection and Ranging (LiDAR), HD spherical photo, and other sensor modalities. The spatial and temporal frequency of data acquisition only continues to increase,” added Dr. Aaron Morris, Co-Founder and Chief Executive Officer of Allvision. “We are developing the tools to generate actionable insights from this flood of raw reality data, empowering infrastructure owners and operators across multiple verticals to minimize costs, improve services and allocate limited resources more effectively. Our mission is to turn 3D…
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