Hyderabad: Track3D, a trailblazer in Reality Intelligence for construction monitoring, has successfully raised $10 million in Series A funding.
The round was led by Ironspring Ventures, co-led by Zacua Ventures, and saw participation from existing investors Shadow Ventures and Monta Vista Capital. This brings Track3D’s total funding to $14.3 million since its inception in 2022.
Funding to Accelerate AI-Driven Construction Monitoring
Track3D is rapidly establishing itself as a category leader in construction technology, with its platform currently deployed on over 400 projects.
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The platform’s adoption by top contractors and project owners has led to multi-year enterprise agreements, highlighting both its effectiveness and trustworthiness at scale.
Founded by Chaitanya NK, Kiran Gutta, and Vineeth Paruchuri, Track3D integrates data from 360° cameras, drones, laser scanners, and LiDAR-enabled smartphones into a unified cloud-based platform.
Advanced AI models then convert this data into actionable insights, including progress tracking, work-in-place validation, and performance analytics linked to drawings and quantities.
This delivers a transparent, verifiable view of jobsite performance, enhancing collaboration, minimizing disputes, and ensuring projects stay on schedule and budget.
Since its founding, Track3D has grown from a three-member team to over 130 employees, with its India team spearheading AI/ML innovations, product development, and technology enhancements.
The company is actively expanding its team to support the next generation of AI-driven construction solutions.
Track3D: AI-First Platform Driving Proactive Project Intelligence
“The platform was designed AI-first, making Reality Intelligence highly accessible across diverse projects. By providing owners, general contractors, and trade partners with a shared platform, we transform raw site data into proactive intelligence – delivering certainty, transparency, and accountability at every stage.
Rapid U.S. adoption, supported by Ironspring and Zacua, demonstrates that the platform is more than a monitoring tool; it is the foundation for modern construction project management,” said Chaitanya NK, Co-Founder & CEO of Track3D.
The platform is set to roll out new AI-powered features, including deviation detection, early delay warnings, and intelligent agents to assist project teams. These innovations shift construction monitoring from reactive documentation to proactive, intelligence-driven project management.
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Industry Impact
“Track3D’s AI-first solution is purpose-built to modernize construction monitoring, providing jobsite decision-makers with unmatched insights for better project outcomes.
The company’s 10x YoY ARR growth is unparalleled in the construction tech sector, reflecting Track3D’s significant impact on its clients,” said Ty Findley, Co-Founder & General Partner at Ironspring Ventures.
“The construction industry demands precision and transparency. Track3D delivers both, turning onsite visual data into actionable insights. Their ability to track progress across multiple sources not only improves visibility but also helps teams prevent costly errors.
Track3D’s approach to true production tracking positions them as a leader in the future of construction technology,” added Vivin Hegde, Founding Partner at Zacua Ventures.
