Autodesk part of $7M funding for Newmetrix

North Bay Business Journal, 7/14/2017

North Bay Business Journal

Sharing videos and photos has become a big part of life for many, and that's also true in increasingly high-technology approaches to construction management championed by Autodesk. The San Rafael-based media and design software maker recently participated in $7 million of funding for Cambridge, Massachusetts-based startup Newmetrix.

As with the thousands of files on your phone or computer, project teams can have a tough time finding what they need quickly. Newmetrix integrates with building-information management, or BIM, software from Autodesk's BIM360 Field, Egnyte and Procore, using machine learning to automatically tag images and videos for construction-related topics, allow users to search for content using Google-like text and voice queries, and organize what's found.

Also participating in the series A funding round were Borealis Ventures, Castor Ventures, and existing investors Converge, Launchpad Venture Group and Stage 1 Ventures, according to a blog post by Josh Kanner, founder and CEO of Newmetrix.

Read the full article >

Topics: News Coverage

Subscribe to News