Construction Dive, 7/19/2017
Cambridge, MA–based construction software startup Smartvid.io raised $7 million in Series A funding from investors including Autodesk, Borealis Ventures and existing partners, according to Engineering News-Record.
The company uses artificial intelligence and machine learning to improve safety reporting on the job site by scanning images and videos of crews at work.
Autodesk’s investment also gives Smartvid.io access to its construction image files to help the startup hone its image-recognition software.
Smartvid.io and Autodesk have met before. The startup’s services are already integrated with Autodesk’s BIM 360 Field, a cloud-based field reporting tool, and its founder and CEO, Josh Kanner, was previously the head of cloud and field reporting software provider Vela Systems. Autodesk bought Vela in 2012 and used that product as the basis for Field.