Integrated Projects Raises $3M in Seed Funding

IPX Platform
IPX Platform

Integrated Projects, a New York-based provider of digitization services for building owners and design professionals, raised $3M in Seed funding.

The round was led by 186 Ventures with participation from Founder Collective, Connexa Capital, Four Acres Ventures, and Commercial Real Estate Leaders from JLL, Newmark, Atlantic Management, and The Fallon Company. Giuseppe Stuto, Co-founder and Managing Partner, 186 Ventures, will be joining the Integrated Projects board of directors with this financing.

The company intends to use the funds to expand the current digitization capacity of its Integrated Projects Exchange (IPX) platform from six to 60 buildings a day.

Led by Jose Cruz Jr, Founder and CEO, Integrated Projects specializes in digitization services for owner-operators and design professionals. The Integrated Projects Exchange (IPX) platform helps customers scan, verify, view, and quantify building materials and equipment, enabling building owners to make building and equipment upgrades and meet regulatory demands efficiently.

With a few clicks, owners can onboard their buildings via IPX’s two digitization services: SCANIT and BIMIT. SCANIT service mobilizes a LiDAR scan technician to any property across North America to create a construction-grade 3D scan. BIMIT service processes any 3D scan into an IPX-verified model. Once an IPX-verified model of their property is uploaded, real estate owners can use it to create 2D and 3D plans of their space, view virtual tours and photos, and quantify any onsite material or equipment.

In 2022, the IPX platform digitized more than 1,700 buildings for individual landlords, architects, and Fortune 500 companies with multi-location real estate portfolios—from homes, skyscrapers, schools, hospitals, industrial warehouses, and retail centers. In addition, channel partnerships with 3D scanning companies like Matterport and Sitescape FARO have expanded IPX’s reach across North America, Europe, and Australia.