Cintooa cloud-based reality data management solution located in Biot-Sophia Antipolis, France and Miamiannounced the closing of a €37 million Series B round led by Partech, with additional investments from Amavi Capital and Armilar Venture Partners. This latest round of funding will enable Cintoo to deepen its engagement in the construction and industrial sectors by enhancing its SaaS platform, advancing metaverse experiences, and expanding into the US and European markets.
Founded in 2013, Cintoo built its reputation by transforming vast 3D laser scan data into high-resolution 3D meshes 10 to 20 times smaller, maintaining accuracy and enabling faster download times with reduced storage requirements. This approach has made Cintoo a preferred choice for more than 500 companies in 40 countries in industries such as architecture, engineering, automotive and energy. The Cintoo platform is hosted on secure cloud services, including Microsoft Azure and Amazon Web Services, ensuring high levels of security and regulatory compliance, including SOC 2 Type 2 and ISO 27100 certifications.
With this new capital, Cintoo aims to strengthen the capabilities of its platform, focusing on extensive integrations and cutting-edge applications such as industrial metaverse experiences and automatic asset tagging. “We are excited to partner with a renowned new investor who shares and supports our vision. » » said Dominique Pouliquen, CEO of Cintoo. “This investment will allow us to accelerate the development of our platform, expand our global presence and continue to innovate in the field of Reality Data management.”
Partech General Partner Omri Benayoun expressed strong support for Cintoo’s approach, stating: “We believe Cintoo is transforming the way large manufacturing and construction companies innovate and collaborate with their innovative as-built digital twin platform.” Their visionary and scalable platform addresses a critical market need, and we look forward to supporting Cintoo on its growth journey.
The funding will also enable Cintoo to continue supporting a growing laser scanning market, which is becoming an indispensable tool for building information modeling (BIM), quality assurance and Industry 4.0 workflows. Reality Capture provides highly accurate as-built information for digital twins, increasingly used in asset management and factory operations within manufacturing plants.
Evolving in a growing market
The global 3D scanning market was valued at $3.7 billion in 2020, and is expected to reach $16.7 billion in size by 2030. As the market grows, Cintoo’s flagship product, the 3D scanning platform Cintoo continues to lead with its TurboMesh™ engine, which ensures high-quality 3D scans while enabling smooth navigation and viewing. Recent updates to the platform include the launch of the Cintoo Metaverse wallet, bringing highly detailed as-built conditions into Industrial Metaverse applications.
Reflecting on Cintoo’s growth, CEO Dominique Pouliquen acknowledged early support from investors such as UI Investissement, Région Sud Investissement, Sofipaca and Creazur, as well as continued commitment from Amavi Capital and Armilar Venture Partners. “Our journey since launching the Cintoo platform in 2019 has been extremely rewarding and successful. » Pouliquen noted. “This funding will help us continue to meet growing customer demand across multiple industries and unlock new potential in the growing reality data sector. »
Through its strategic funding and an expanding portfolio, Cintoo aims to drive the future of real-world data management, contributing to the digital transformation of industries across the world.
