3D Repo, pioneer of cloud-based design collaboration in Building Information Modelling (BIM), has received another major vote of confidence and financial boost for its digital construction services business.
Ingenious, through its Infrastructure Ventures EIS Service, lead a £2.3m A-series investment round in 3D Repo, completing yet another successful year for the innovative start-up.
Cutting-edge technology by 3D Repo has been successfully deployed on some of the largest and most prestigious construction projects with companies such as Atkins, Balfour Beatty, Bryden Wood, BuroHappold, Canary Wharf Contractors, and Crossrail among others.
Its multi-award-winning digital platform for BIM data is transforming how construction projects are designed and delivered by democratising data, mitigating risk, and reducing complexity for everyone involved.
Instead of architects, engineers and contractors sharing massive proprietary files in a costly and time-consuming manner, they can simply point their web browser to an encrypted cloud platform to examine each project stage virtually.
The 3D Repo platform allows users to manage 3D model revisions and to highlight potential clashes and safety issues using live collaboration tools which enable the whole project team to work from a single source of truth, anywhere and at any time.
Guy Ranawake, Senior Investment Director at Ingenious, commented:
“There has been solid growth in the use of BIM worldwide and especially in the UK following the government mandate for BIM Level 2 on all large-scale public sector construction and infrastructure projects since 2016. 3D Repo’s online platform has excellent collaborative tools that allow teams to achieve all the benefits promised by BIM, consistently helping projects meet cost and time targets. We are very happy to support 3D Repo and look forward to seeing the growth of the company which aligns strongly with our investment strategy and infrastructure sector focus.”
Dr Jozef Dobos, founder and CEO of 3D Repo, said:
“3D Repo is a powerful digital construction platform that has already helped many of our clients improve communication, coordination, and collaboration. Having the backing of Ingenious means that we can continue to support the country’s foremost digital construction champions and drive the use of 3D Repo on the most challenging infrastructure projects globally.”