BIP Capital led round,
Pointivo, a software company that uses artificial intelligence (AI) and computer vision to provide automated analytics for drone and manned aerial platforms, said it raised a Series A funding round of $7 million led by BIP Capital. Pointivo’s 3D Intelligence Platform automates the heavily manual processes around inspecting and assessing physical assets in the insurance, roofing, solar, telecom, and energy industries.
Pointivo’s technology was created at Georgia Tech and the company is a member startup in the Advanced Technology Development Center’s ATDC Signature portfolio.
Then company’s patented 3D Intelligence Platform processes imagery from drones, manned aerial and mobile cameras and automatically extracts critical information about structures in a scene, resulting in significant cost savings. The company provides API access to its cloud-based platform, enabling its partners to offer valuable services to their customers. Pointivo has partnered with the top drone platform companies and manned aerial imagery providers to enable their customers to solve real business problems without human intervention.
“Our ability to integrate AI and computer vision to automatically extract valuable 3D information about a scene sets us apart,” said Dan Ciprari, CEO and co-founder of Pointivo. “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. The team at BIP Capital will be invaluable to us—both in terms of capital and acceleration—as we continue our growth and expand our depth and reach in our different markets.”
“We’re excited to partner with Pointivo as artificial intelligence and computer vision continue to become significant business process drivers,” said Dan Drechsel, senior vice president at BIP Capital. “Pointivo’s significant investment in hard-to-replicate, patented technology enables its partners to deploy highly compelling use cases. The company’s partners have already deployed the solution to improve the servicing of assets in insurance, roofing, solar, energy and telecom.”
In recent years, Pointivo had been named “Best in Show” in the Technology Association of Georgia’s Top 10 Innovative Technology Companies and was selected by Venture Atlanta as a top five Startup to Watch. The novelty and potential impact of Pointivo’s core technology has been recognized by the National Science Foundation (NSF), which has awarded Pointivo more than $1.5 million in funding through its Small Business Innovation Research (SBIR) program.