Participated · Series C · Apr 2021

OpenSpace provides jobsite capture and AI-powered analytics that stitch 360° camera and LiDAR scans to create a digital twin pinned to floor plans, typically making capture available in about 15 minutes. The system integrates into standard construction workflows, enabling remote coordination, reducing travel and miscommunications, and providing a historical record of projects. The company has expanded capture capabilities beyond 360° imagery to include 3D scans from LiDAR‑enabled iPhones and iPads and introduced ClearSight Progress Tracking to classify and quantify materials and percent complete. Since founding in 2017, customers have used OpenSpace on more than 14,000 jobsites and the platform has captured over 10 billion square feet of jobsite imagery. Led by CEO and co-founder Jeevan Kalanithi, OpenSpace plans to use new funds to continue scaling the business and develop additional AI-powered technologies. The company also recently added Alan Henricks as an independent board director alongside its existing board members. OpenSpace is described as a global leader in 360-degree jobsite capture and AI-powered analytics for construction. Its core product lets builders attach an off-the-shelf 360° camera to a hardhat, upload video to the cloud, and uses computer vision to stitch images and pin them to floor plans, creating a single source of truth. The company has expanded its offerings to include ClearSight Progress Tracking, the freemium OpenSpace Basic, and 3D Scan for LiDAR-enabled iPhones and iPads. OpenSpace reports usage on over 10,000 jobsites, with more than 500 started in the last month and over 7 billion square feet of imagery captured. Revenues have doubled or tripled each year since its 2017 founding. The company says it will continue scaling the business, widen its international footprint, and develop additional AI-powered technologies to meet growing demand. OpenSpace provides a 360° construction photo documentation and analysis platform that combines simple 360° cameras, computer vision and AI to capture complete visual records of jobsites. The platform stores imagery in the cloud to share progress and track work across projects. Customers have used the platform to capture more than four billion square feet of imagery from active construction projects across thousands of sites in over fifty countries. The company was founded in 2017 by CEO Jeevan Kalanithi and is headquartered in San Francisco, California. OpenSpace plans to expand its ClearSight analytics suite into areas such as safety management and quality control and to accelerate international expansion. Financially, the company recently raised $55M in a Series C to support these initiatives. OpenSpace provides a solution combining 360° cameras, computer vision, and AI to capture, organize, and analyze complete visual records of construction jobsites. Builders attach a small 360° camera to their hardhat, mark a starting point in the OpenSpace app, walk the site, and the software automatically captures, uploads, pins imagery to floorplans, and stitches images without manual input. Users can virtually walk through sites, track changes over time, add notes and change requests, and compare site photos side-by-side with BIM using the ClearSight analytics platform. Founded in 2017 and led by CEO Jeevan Kalanithi, the company has projects in 30 countries and customers have used the platform to capture over a billion square feet across thousands of active construction sites. Customers include Capital One, JLL, Lee Kennedy, Suffolk, and Tishman Speyer. The company raised $15.9M in Series B funding to meet demand for its remote construction technology and ClearSight analytics platform. OpenSpace is an AI-powered construction tech company that automatically creates navigable 360° photo representations of job sites. Builders attach an off-the-shelf 360° camera to their hardhat and walk the site; OpenSpace handles image capture, uploads the data to the cloud, maps images against site plans, organizes them and stitches them into a navigable photo representation that can be compared over time. The company leverages algorithms and computer vision to map and organize imagery against site plans and build a dataset of site visuals. OpenSpace plans to use new funding to scale operations, expand sales and marketing, and develop additional computer-vision-powered products that leverage its dataset. Founded in 2017 by Jeevan Kalanithi and based in San Francisco, the platform is deployed on projects exceeding $50B in total value in the United States and around the world. The company recently raised $14M in a Series A to support these initiatives.

Participated · Equity · Dec 2015

Sensoro is a Seattle-based Internet of Things (IoT) technology service provider co-founded in 2013 as part of Microsoft Ventures. The company has developed a small LPWAN IoT chip and a product portfolio that includes communication modules, sensors, communication base stations and cloud services. Sensoro has provided IoT solutions and services to more than 700 brands worldwide, including Microsoft, Google, Real Madrid FC, Bosch and Sumitomo. In December 2018 it completed a multi-million dollar Series C round of financing. Backers named in the round include Baidu Ventures, Northern Light Venture Capital, Robert Bosch Venture Capital and Chaos Investment, among other institutions. The company intends to use the funds to continue developing its IoT technology, accelerate global expansion of its IoT products and increase competitiveness. Sensoro, founded in 2013 and based in Seattle, manufactures beacon devices and wireless sensor networks for IoT applications. Its Alpha Product Suite provides long-range, low-power solutions designed for large-scale IoT sensor networks, with a focus on environmental monitoring and asset tracking. The company supplies IoT technology for smart-city projects in the UK, Europe, Malaysia and China, including Manchester City Verve, STORM, Putrajaya – Multimedia Super Corridor and Nanjing Fire Safety Department. Leadership includes co-founder and CSO Vivian Li. Sensoro anticipates producing and shipping over 100,000 environmental devices and 500,000 asset-tracking tags in 2017 to support infrastructure across cities, buildings and industries. The company raised $18m in a Series B round led by strategic backers including Bosch, Sumitomo and Tsing Capital. Sensoro manufactures Bluetooth beacon devices that collect and transmit proximity-based information. The company completed a $10M VC funding round and said it will use the proceeds for targeted research into IoT big data, business development and sensor technology fields. Incubated by Microsoft Ventures in Beijing in 2013 and a member of the Microsoft Global HiPo Program in 2014, Sensoro is described as one of the top three Bluetooth beacon operators globally. It owns a beacon network of more than 100,000 units deployed in over 17,000 retail stores. The company maintains offices in Beijing, China; Seattle, USA; and Japan.