Streem Secures $2M Seed Funding Round

Streem, a Portland, Oregon-based home services Augmented Reality company, raised an additional $2m in funding.

This brings the total seed round to $3.7m. Backers included Archivist Capital, Oregon Venture Fund, and Portland Seed Fund as well as existing investors Flying Fish, Rogue Venture Partners and Betaworks Ventures.

The company intends to use the funds to accelerate growth into the $400 billion home services market.

Led by Ryan Fink, CEO and co-founder, Streem is a technology company connecting home service professionals to their customers through on-demand intelligent video. The mobile platform leverages augmented reality (AR), computer vision and machine learning to allow users to capture crucial information such as brand model and serial numbers, take measurements, and save notes through the platform’s digital toolbox and to record and capture images and information through HD video.

The company has also announced a new Board of Advisors including:
– Serge Belongie, PhD: Professor at Cornell Tech and Cornell University, Visiting Faculty at Google, renowned researcher in computer vision and machine learning, and co-founder of several companies
– Christopher Croteau: Broad experience ranging from software ecosystems to strategic partnerships, now General Manager of AR business in Intel’s New Devices Group which has enabled AR consumer products as well as platforms for enterprise and industrial segments
– Eric Doebele: Home services pioneer as founder of HandymanOnline.com (acquired), ReliableRemodeler.com (acquired) and Board Member at Second Porch (acquired), now serves as board member and advisor to multiple startups
– Joseph Tou: Vice President of Corporate Development and Sony Innovation Fund, Sony Corporation of America

Streem Pro is currently available for a free trial and the app is available in the Google Play Store and Apple App Store.

FinSMEs

28/03/2018

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