Startup that wants to help developers map construction sites in “near real time” raises $2.3M

Company wants to decrease the time it takes to make aerial site plans to 24 hours

New York /
Jan.January 25, 2019 05:30 PM

AirWorks Solutions co-founders David Morczinek (left) and Adam Kersnowski (right)

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.


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
Eric Gordon
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
From left: Howard Lorber, Spencer Rascoff, Rob Speyer, and Steve Witkoff (Getty, Twitter)
The definitive real estate SPAC tracker
The definitive real estate SPAC tracker
(NYC Housing Authority, Google Maps, iStock)
Navillus seeks bankruptcy protection from NYCHA lawsuit
Navillus seeks bankruptcy protection from NYCHA lawsuit
Airbnb CEO Brian Chesky. (Airbnb, Getty)
Airbnb’s losing spree continues with $1B loss in Q1
Airbnb’s losing spree continues with $1B loss in Q1
Chief People Officer Carolyn Patterson (Getty, Yelp)
Yelp to experiment with return-to-work plans
Yelp to experiment with return-to-work plans
Francis Greenburger of Time Equities (Greenburger via Michael McWeeney; iStock)
Rental-to-condo conversions drop 80% after 2019 rent law: report
Rental-to-condo conversions drop 80% after 2019 rent law: report
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...