Enview closes a new round of funding that was led by BrightCap Ventures
Fremont, CA: Enview, a pioneer in the analysis of 3D geospatial data using AI and massively parallel computing, recently closed a round of funding that will power the company for accelerated development and hiring in support of the public sector and energy-momentum.
BrightCap Ventures led the funding round with participation from Ahoy Capital, and existing investors Crosslink Capital and Skype Co-Founder Toivo Annus.
"We are excited to back a highly experienced team with a superior product. There is a demonstrated need to automate the virtualization of the physical world precisely and efficiently, and Enview is addressing that need," commented BrightCap's Managing Partner Elina Halatcheva.
"We're proud to have partners who believe and support the vision of Enview and who are enabling us to meet the demands of the market," said Enview CEO and Co-founder San Gunawardana.
The funding followed the signing of the contract between Enview and Air Force Research Laboratory (AFRL) to deploy Enview's AI analytics capabilities for using 60th Air Mobility Wing (60 AMW) and is also awarded a strategic expansion with the U.S. Air Force. In addition to those efforts is the ability for other groups across the U.S. DoD to align their requirements and obtain matching funds from the Air Force that accelerate development and deliver core capabilities across various services and missions. Enview also recently executed a Co-operative Research and Development Agreement (CRADA) with the National Geospatial-Intelligence Agency (NGA) focused on improving user experiences with LiDAR data and automating 3D GEOINT.
Enview's Latest Release is a Saas for Automated 3D Geospatial Analysis:
The company's proprietary technology has been deployed at TRL 9 for Fortune 500 companies to generate an automated 3D mapping of terrain, buildings, vegetation, and infrastructure. Enview uses AI, 3D computer vision, and scalable, high-performance computing to automatically analyze 3D data at unprecedented speed and scale. Enview is also set to release an invitation-only SaaS offering that will allow the visualization of massive amounts of data that only Enview will be able to process. This is a step ahead for the public sector, as it enables access to Tactical Organic Geospatial Analysis to enhance theater-level decision-making.
"Enview's platform empowers operational end-users to easily virtualize the physical world and derive automated insights that enhance a variety of missions, including route planning, off-road mobility, and urban mapping," said Gunawardana.
The Company Accelerates Onboarding to Fulfill Public Demands:
The latest injection of funds will be utilized to hire professionals in various positions across the company to meet the public and private sector demand. This demand includes engineering support for data science, machine learning, and full-stack web development, as well as several other roles across product, marketing, and sales.