Plnar, an Austin, Texas-based augmented reality solution that creates real-time 3D models of any room, raised $3.9m in Series A funding.
The round was led by ManchesterStory Group with participation from The Venture Reality Fund and Colopl Next, Inc.
The company intends to use the funds to expand in the insurance claims and home improvement industries.
Led by CEO Andy Greff, Plnar provides a property claims solution that captures all the data necessary to virtually settle interior insurance claims by allowing the user to gather the full context of the damaged area including measurements, summary reports, photos and 3D models. The platform is designed to integrate into existing insurance industry claims applications.
The funding announcement follows a series of customer launches, including Genpact’s InspectorPro solution and SaaS product launches, the release of the company’s iOS SDK, and a suite of PLNAR enterprise options for professionals in the home renovation, specialty contracting, interior design, and insurance claims industries.
Going forward, the company will continue to focus on research and development around computer vision automation, design, and usability. It will also launch a comprehensive virtual claims solution for flood, fire, and water damage which will enable adjustors, inspectors, and home owners to easily leverage the platform.