Datumate Ltd., a Nazareth, Israel-based provider of “field-to-plan” technologies for the civil engineering and architecture industries, secured $5m in financing.
The round was led by Battery Ventures with participation from existing investor Al-Bawader, an Israel-based investment firm. In conjunction with the funding, Itzik Parnafes, a general partner at Battery Ventures, is joining Datumate’s board.
The company will use the funds to continue product innovation, grow into more markets and acquire more customers worldwide.
Led by Haim Zelikovsky, CEO, Dr. Jad Jarroush, CTO, and Rani Cohen, Chairman, Datumate allows surveyors, architects and civil engineers to photograph the surveyed area or object with a regular camera, either handheld or carried by small remote-controlled quadcopter, and then draw their maps or plans directly on the resulting digital images. This streamlines the process of turning field data into maps and plans, making it faster, cheaper and of a higher quality than the traditional method used today.
The software is already in use by customers worldwide, from small private firms to large municipal and national agencies,
FinSMEs
28/04/2014
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