Reconstruct Raises Strategic Investment to Accelerate its AI and ML Capabilities for Global Expansion
MENLO PARK, Calif.--(BUSINESS WIRE)-- Reconstruct, Inc., the leading provider of visual reality digital twins for capital assets, completed a strategic investment up round. Proceeds will be used to accelerate its deployment of AI and machine learning (ML) capabilities.
"Reconstruct's newest AI and ML features provide visibility to owners and builders within minutes that previously would have taken weeks and a workforce that no one has available anymore.' Zak MacRunnels, CEO, Reconstruct
Reconstruct's Visual Command Center (VCC) is gaining worldwide traction across all aspects of projects' lifecycles -- from construction, renovation, as-builts and beyond. Zak MacRunnels, CEO of Reconstruct, comments: 'Our industrial and infrastructure customers are accruing the biggest ROI from the VCC's uniquely aligned measurability, mapping and monitoring capabilities for the world's largest construction projects. Reconstruct's newest AI and ML features provide visibility to owners and builders within minutes that previously would have taken weeks and a workforce that no one has available anymore.' Several of Reconstruct's customers below discuss how they use the VCC for assessing and monitoring industrial and infrastructure projects.
Mark Ilich, Co-Founder/EVP of Procon Consulting, comments: 'We've deployed Reconstruct's VCC since 2019 and are impressed with the substantial efficiencies gained by using their world-class technology in image recognition and photogrammetry point clouds.' Stephen Devito, Director of Technology, added: 'By utilizing Reconstruct on a 600,000 square foot federal project in Denver, we generated a measurable, reality-mapped digital twin in two days when conventional laser scanning would have been cost-prohibitive and taken over 2 months.'
Tanja Kufner, Head of Start Up & Venture Investment at the Nemetschek Group, states: 'We continue to integrate and partner with Reconstruct. Our investment reflects a strong commitment to connect them to our global ecosystem. Reconstruct is playing a pivotal role in advancing the digital transformation of the AEC/O industry, delivering powerful AI-driven insights and analytics across every phase of an asset's lifecycle – past, present and future.'
Kelly Barber, Division Chief Engineering Automation and Services of PennDOT, states, 'We want to ensure that we have a digital backbone that is platform inclusive and allows us to capitalize on our investments. On the four construction projects that we have used this on, Reconstruct provides the ability to combine videos and photos from drones and 360-cameras to create 3D reality models. This allows our construction and operations teams to thoroughly track progress and virtually navigate sites to get unique insights and measure any part of the site with sub-inch accuracy.'
Jordan Cram, CEO of Enstoa, adds: 'Having worked with Reconstruct on multiple continents, we are excited by the real-time and insightful analytics that Reconstruct provides to our mutual customers. Their AI enables us to find issues before they become issues. We are now taking capital asset management to a new level.'
About Reconstruct
Menlo Park-based SaaS company with thousands of projects used every day across six continents to manage lifecycles of its customers' capital assets with proprietary AI-ML engines
About Procon Consulting
Provides collaborative program and project management solutions nationwide. Offers a full range of management and support services for construction, space planning, technology management, and business management
About Nemetschek Group
Global software provider for the AEC/O industry offering solutions for the entire lifecycle of buildings and infrastructure projects. Founded in 1963, the company has grown to include 14 brands and over 4,000 employees worldwide
About PennDOT
Oversees programs and policies affecting highways, urban and rural public transportation, airports, railroads, ports and waterways with approximately 122,000 miles of state and local highways and 32,000 state and local bridges
About Enstoa
Focuses on accelerated digital transformation for the built environment with clients active across a wide range of industries including healthcare, real estate, public infrastructure, energy and utilities
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