Statkraft Ventures invests in oversubscribed $12M funding round in Enview Inc.
Statkraft Ventures backs San Francisco-based start-up Enview – a pioneer in using 3D geospatial (location) data for critical infrastructure operators.
Statkraft Ventures, a Europe-based, energy-focused Venture Capital Fund, joined lead investor BrightCap Ventures with additional participation from Ahoy Capital and existing investors Crosslink Capital and Skype Co-Founder Toivo Annus.
“We´re excited to invest in an inspiring team and unique technology at Enview who are ready to further increase data-processing and analytics capabilities of their customers in the critical energy infrastructure space. We do see a clear need in various verticals for modelling the world in 3D and are proud to back Enview on their journey of applying this tech to additional use cases, customers and geographies” said Alexander Küppers from Statkraft Ventures.
Enview has built the world’s most scalable AI platform to enable rapid, automated classification of 3D point clouds. The company’s technology digests data from various sources including LIDAR, photogrammetry or satellites. Enview’s unique methods for processing 3D point cloud data were specifically designed to work where traditional 2D image processing fails. The ability to process 3D data at unmatched scale and speed enables governments and energy companies to create digital twins of their physical world, rapidly identify change, and reduce time to action.
“Even in these unprecedented times, we’re honored to see the support and enthusiasm for Enview from both the public and private sectors,” said Enview CEO and co-founder San Gunawardana. “Over the last few months, we’ve seen great momentum from government contracts as well as energy companies looking to Enview for a wide range of use cases from protecting critical infrastructure to emergency response and off-road mobility. With these partnerships, we’re able to grow our team and accelerate our development to meet these market demands.”
Funding will also be used to accelerate hiring of various positions across the company to meet public and private sector demand. Visit enview.com/about/careers to learn more.