Sixth Investment for Amaviback to overview
Digital Twin platform nabs $6 million to expand platform in North America, APAC and Europe
French and U.S. startup offering cloud-based reality data solutions, Cintoo has raised $6 million. The Series A funding was co-led by AMAVI Capital and Armilar Venture Partners and saw the participation of Accenture Ventures and Cintoo’s prior investors, UI Investissement and Region Sud Investissement.
The investment will be leveraged to expand Cintoo Cloud’s capabilities to meet the needs of Industry 4.0, building information modelling (BIM) and construction customers. The investment will also help the platform to expand its business in North America, Europe and APAC.
Founded in 2013 by Anis Meftah, Denis Thibaudin, Dominique Pouliquen, Leonardo H.Fonteles and Marc Antonini, the startup aims to find a solution for managing terabytes of Reality Capture data in the cloud for Architecture, Engineering, Construction, and Industry 4.0 businesses. The company launched its SaaS platform, Cintoo Cloud, in 2019, which uses its patent-pending, core point cloud-to-mesh engine to stream huge 3D data using any PC, laptop or tablet with a web browser.
Dominique Pouliquen, Cintoo’s CEO, said: “Our mission is to become the world leader in cloud-based solutions to empower Reality Data on-demand and we’ve made significant in-roads since we launched Cintoo Cloud in early 2019.
Frédéric Van den Weghe, Managing Partner at AMAVI Capital said: “For industry 4.0 applications, it is the platform where digital twin data comes together and is enriched with IoT and AI data to become the dashboard of the factories of the future. Its blue chip customers base, including a.o. leading car manufacturers and engineering firms, and more than 20,000 active users on the platform are a clear sign of the value add the Cintoo product brings.”
Pedro Ribeiro Santos, Partner at Armilar Venture Partners said: “Cintoo’s technology makes data accessible to anyone and open the doors to new uses of that data.”
Cintoo Cloud is currently used by over 20,000 users in building information modeling (BIM), construction and Industry 4.0 organisations across the U.S., Canada, Europe and APAC as a unique source of trustful Reality Data.
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