Cintoo Secures €37 Million in Series B Funding Round Led by Partech

Reality Data management emerging leader will accelerate its AI and Metaverse efforts, and further invest in the US and Europe. Existing investors Amavi Capital and Armilar Venture Partners are also joining the round.

Biot-Sophia Antipolis, France / Miami, November 4, 2024 - Cintoo, the leading provider of cloud-based Reality Data management and collaboration solutions, has successfully closed a €37 million Series B funding round. The round was led by Partech, a global tech investment firm, with existing investors Amavi Capital and Armilar Venture Partners also joining the round. With the fresh funding, Cintoo will enhance its SaaS platform by expanding its portfolio of integrations and will double down on investments to provide cutting-edge applications for the construction and industrial sectors. This includes building on its brand-new industrial metaverse experience and automatic asset tagging capabilities. These efforts will foster its international growth in the US and Europe.

"We are thrilled to partner with a new, renowned investor that shares and backs our vision”, said Dominique Pouliquen, CEO of Cintoo. "This investment will allow us to accelerate the development of our platform, expand our global footprint, and continue to innovate in the field of Reality Data management. This funding is a testament to the value and potential of the Cintoo platform, and it will help us meet the growing demand from our customers across multiple industries."

Founded in 2013, Cintoo specializes in transforming large 3D laser scan data into high-resolution 3D meshes that are 10 to 20 times smaller without sacrificing accuracy. Its SaaS platform enables organizations using terrestrial, mobile, or drone scanners to efficiently manage, share, and collaborate on their Reality Capture data. Cintoo's ability to reduce the size of scanned data without compromising resolution enables faster uploads and reduces storage needs. This has made it a trusted solution for leading companies in the architecture, engineering, construction, automotive, and energy sectors. It is already being used by more than 500 companies in more than 40 countries. The Cintoo Platform supports a wide range of data formats and sources, making it an essential tool for industries that rely on accurate and efficient 3D data management. Accessible from any browser and hosted on Microsoft Azure and Amazon Web Services, the Cintoo Platform ensures high levels of security for enterprise customers with SOC 2 Type 2 compliance and ISO 27100 certification.

"We believe Cintoo is transforming how large manufacturing and construction companies innovate and collaborate thanks to their innovative “as-built” digital twin platform," said Omri Benayoun, General Partner at Partech. "Their visionary and scalable platform addresses a critical need in the market. We look forward to supporting Cintoo in their growth journey as they further deliver exceptional value to their customers."

Laser scanning: A growing market
The use of laser scanning continues to grow in Building Information Modeling (BIM) and construction, becoming a valuable part of project workflows for design and quality assurance. Industry 4.0 markets are also booming, with Reality Capture providing accurate as-built information for digital twins to enable asset management workflows. Automotive and manufacturing plants around the world are also leveraging the potential of 3D scan data acquired from a diverse range of laser scanners, ultimately helping professionals to virtually transform their factory operations.

Valued at $3.7 billion in 2020, the global 3D scanning market size is projected to reach $16.7 billion by 2030. Cintoo's flagship product, the Cintoo Platform, is revolutionizing the way companies handle and use 3D scan data. Its unique TurboMesh™ engine ensures that 3D scans retain the original resolution of the scanner, optimizing the user experience with seamless navigation and visualization. Recent developments of the Cintoo Platform include the new Cintoo Metaverse portfolio, allowing to bring the as-built conditions with an incredible fidelity into various Industrial Metaverse applications.

Dominique Pouliquen added: “Our journey since launching the Cintoo Platform in 2019 has been hugely rewarding and successful. I’m immensely grateful to our early investors - UI Investissement, Region Sud Investissement, Sofipaca, and Creazur - for their support during this crucial phase of our growth and their contribution to our success. I’d also like to extend my sincere appreciation to investors Amavi Capital and Armilar Venture Partners for their continued support and confidence in our vision, both in the past and as we move forward into the future.”

For more information about Cintoo and to request a demo or start a free trial of the platform, please visit www.cintoo.com and follow them on LinkedIn.

About Cintoo: Cintoo is a French and US scale-up, established in 2013 to find a solution for managing terabytes of Reality Capture data in the cloud for Architecture, Engineering, Construction, and Industry 4.0 businesses. The company launched its SaaS platform in 2019, which uses its patented core point cloud-to-mesh engine to stream huge 3D data using any PC, laptop or tablet with a web browser. Email contact@cintoo.com or visit www.cintoo.com

About Partech: Partech is a global tech investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. Partech brings together capital, operational experience, and strategic support to back entrepreneurs from seed to growth stage. Born in San Francisco 40 years ago, today Partech manages €2.5B AUM and a current portfolio of 220 companies, spread across 40 countries and 4 continents.

Media Contact (CINTOO): Juliet Fisher: +44 7850 444374 juliet@merchant.agency

Media Contact (PARTECH): Isabelle Tresson: +33 7 86 08 85 85 itresson@partechpartners.com