Cintoo, a company specializing in cloud-based solutions for managing 3D reality capture data, raised €37 million in Series B funding.
Partech led the investment round with contributions from existing investors Amavi Capital and Armilar Venture Partners.
Founded in 2013, Cintoo has developed a platform that enables businesses in architecture, engineering, construction, and Industry 4.0 sectors to store, access, and collaborate on massive 3D scan datasets.
Its signature technology, the TurboMesh™ engine, transforms traditional 3D scans into a cloud-friendly format while retaining their original resolution; allowing users to navigate and visualize detailed models smoothly, directly through the cloud.
According to the official press announcement, Cintoo plans to deploy newly raised funds to:
- Improve its SaaS platform: Cintoo aims to broaden its integrations, making its platform more versatile for enterprise users.
- Expand into key industrial sectors: With a focus on construction and industrial applications, the company will invest in tailored tools for these industries.
- Strengthen metaverse applications: Building on its recently launched Cintoo Metaverse portfolio, the company will further develop solutions for bringing high-fidelity as-built conditions into virtual environments.
Cintoo CEO Dominique Pouliquen stated; the increasing demand for streamlined reality data management and the critical role the platform plays in industries where precision and collaboration are important. And, the Series B funding positions Cintoo to accelerate its growth and innovation in the field of digital twins and industrial metaverse solutions.