The company, which develops a platform to enable street-level analytics at global scale, provides insights and business intelligence to vertical industries such as infrastructure management, insurance, advertising, and security. The funding, says the company, will be used to accelerate product development, further hires, and pursue additional go-to-market opportunities.
“The real world around us is constantly captured by a range of technologies including light detection and ranging (LiDAR), HD spherical photo, and other sensor modalities,” says Dr. Aaron Morris, co-founder and CEO of Allvision. “The spatial and temporal frequency of data acquisition only continues to increase.”
“We are developing the tools to generate actionable insights from this flood of raw reality data, empowering infrastructure owners and operators across multiple verticals to minimize costs, improve services and allocate limited resources more effectively,” says Morris. “Our mission is to turn 3D data into digital twins of everything visible from the sidewalk, road, or rail.”
The company says that it is capitalizing on the accessibility of autonomous vehicles in Pittsburgh as a prime method of proving out how fluidly sensors on equipped vehicles can provide valuable insights for asset managers in cities worldwide.
“By taking massive amounts of data from both LiDAR and photos and combining them, real-world safety concerns can be diminished significantly,” says Morris. Examples, he says, include missing signage, vegetation-encroached utility lines, and ADA-accessible curbs in disrepair – all issues that can be spotted quickly without having to rely on them being reported, or worse, having a problem result.
Karina Ricks, Director, Department of Mobility and Infrastructure, City of Pittsburgh, one of Allvision’s most recent clients adds, “Allvision’s platform aggregates multiple sources of data and, through the power of machine learning and cloud computing, provides analysis tools to deliver actionable information – giving my team the ability to make informed decisions in near real time. We are excited to be partnering with Allvision on a pilot addressing urban mobility challenges, starting with curb space management.”
Allvision was founded in 2017 by reality capture veterans of Autodesk and Bentley Systems. The funding round was led by Lavrock Ventures, which was joined by The Robotics Hub, IDEA Fund Partners, and Sands Capital Ventures.
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