Atlanta-based Pointivo, a software company that utilizes AI and computer vision to provide automated analytics for drone and other aerial platforms, has raised $7 million in a Series A round led by local VC firm BIP Capital.
Pointivo's platform automates the heavily manual processes around inspecting and assessing physical assets in the insurance, roofing, solar, telecom and energy industries.
Using a patented 3D intelligence platform, Pointivo processes images from drones, manned aerial and mobile cameras and automatically analyzes critical information about structures, according to a news release. The company has partnered with drone platform companies and manned aerial imagery providers.
"Our ability to integrate AI and computer vision to automatically extract valuable 3D information about a scene sets us apart," Dan Ciprari, CEO and co-founder of Pointivo, said in a statement. "By offering access to our platform via a simple API call, we enable our partners to provide automated solutions to differentiate themselves in their industries. They can solve real business problems economically and achieve the promise of drones and aerial-based imagery powering normal business operations."
In addition to the funding raised, Pointivo was awarded more than $1.5 million through the Small Business Innovation Research program and at least $1.4 million in other seed and venture rounds. The startup was awarded "Best in Show" among the Technology Association of Georgia's Top 10 Innovative Technology Companies and a top Startup to Watch by Venture Atlanta.
"Pointivo's significant investment in hard-to-replicate, patented technology enables its partners to deploy highly compelling use cases," Dan Drechsel, senior vice president at BIP Capital, said in a statement. "The company's partners have already deployed the solution to improve the servicing of assets in insurance, roofing, solar, energy and telecom."
