AirWorks Solutions, a property tech mapping and surveying startup, just raised $2.3 million in seed funding.
Boston-based Innospark Ventures led the funding round, and the company’s managing director, Venkat Srinivasan, will join AirWorks’ board of directors, representatives for AirWorks announced on Friday.
AirWorks is developing aerial mapping software, which uses data collected from drones, aircrafts or satellites to create computer aided design (CAD) site plans, allowing developers and engineers to analyze construction sites in “near real-time,” according to the company. This year, AirWorks plans to decrease the amount of time it takes to produce aerial site plans from seven days to 24 hours.
“The partnership with Innospark Ventures is an ideal fit to increase our focus of bringing artificial intelligence to the $7.7 billion surveying industry,” David Morczinek, one of AirWorks founders, said in a statement.
The company, which was founded in 2017 by a group of MIT students, is part of New York-based MetaProp’s portfolio of companies.