inCitu, a New York-based company that brings physical developments to life via augmented reality (AR), raised $2M in funding.
The round included
- $1M support from Schmidt Futures, the philanthropic initiative of Eric and Wendy Schmidt, and
- $1M from at.inc/, CityBldr, Global Futures Group, H/L Ventures, the WXR Fund, amongst other strategic investors from the real-estate and smart cities worlds.
The company intends to use the funds to accelerate growth and expand operations.
Led by Dana Chermesh-Reshef, Founder & CEO, inCitu is a technology company that enables informative public-facing AR visualizations of proposed and upcoming development projects with customers across the US comprising cities, real estate developers, technology companies, and other stakeholders in the future of urban development.
inCitu allows anyone to see and explore how the built environment is changing around them, in real scale, in-situ. They turn massive piles of data into informative, accurate visualizations of future skylines and buildings, and provide that data to technology companies as well. All of inCitu’s content – from individual buildings, affordable housing, mixed use developments, through parks and bridges and to complete neighborhood rezoning and regional infrastructure – are available via mobile-AR, with no headsets or special devices required.
This Fall, after concluding the two-year program, In 2022, inCitu signed two key partnerships with Snap Inc. and Esri, amplifying their data and impact through the well-known platforms.
FinSMEs
22/11/2022