Finalcad, a Paris, France-based provider of mobile construction apps and predictive analytics for the field, raised $20m in Series B funding.
The round was led by Serena Capital, Caphorn Invest and Aster Capital.
The company intends to use the funds to accelerate international business growth, in Europe, Asia and Americas, expansion into new sectors such as civil infrastructures and energy, and advanced research and development for furthering advanced fields such as smart data analytics, artificial intelligence for objects recognition, augmented reality linked to BIM models, digitization of lean construction processes, and open API interoperability.
Led by Jimmy Louchart, co-founder and CEO, Finalcad provides mobile apps and predictive analytics for construction stakeholders to anticipate and fix issues found during the building’s journey. Since 2011, the company has been used in more than 10,000 projects in 30 countries, totaling more than 20 million jobsite observations and nearly 10 million photos.
It is used by global contractors such as Bouygues, Daewoo Engineering & Construction, Eiffage, Fujita Corporation, Shimizu Corporation, Takenaka Corporation, VINCI, infrastructure operators like RATP Group, as well as architects, and owners, such as Capitaland and Swire Properties.