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About Mach9
Industries
Data & Analytics
AI & Machine Learning
Company Size
11-50
Company Stage
Seed
Total Funding
$14M
Headquarters
Pittsburgh, Pennsylvania
Founded
2021
Overview
Mach9 provides geospatial software solutions that transform large-scale mobile LiDAR scans into 2D and 3D engineering models. Using LiDAR technology, which measures distances with pulsed laser light, Mach9's software processes these scans significantly faster and at a lower cost than traditional methods. The software is particularly beneficial for surveying, engineering, and construction firms that need precise and efficient conversion of image and point cloud data into usable maps for their projects. By leveraging artificial intelligence, Mach9 automates the data processing, allowing clients to concentrate on their primary tasks. The company operates on a software-as-a-service model, where clients submit their data for processing, and the cost is determined by the complexity and scale of the project. Mach9 aims to enhance efficiency and accuracy in the geospatial industry.
Simplify's Take
What believers are saying
- Rising demand for digital twins boosts need for Mach9's geospatial solutions.
- AI integration in geospatial data processing is growing, benefiting Mach9's expansion.
- Partnerships with firms like Michael Baker enhance Mach9's market reach and credibility.
What critics are saying
- Competition from established firms like Esri and Trimble threatens Mach9's market share.
- Rapid tech advancements may require costly updates to Mach9's software.
- Dependence on key clients poses risks if they switch to competitors.
What makes Mach9 unique
- Mach9 processes LiDAR scans 30 times faster than traditional methods.
- Their AI-driven software reduces costs by half compared to manual data processing.
- Mach9's service model allows clients to focus on core tasks, not data processing.
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Funding
Total Funding
$14M
Above
Industry Average
Funded Over
1 Rounds
Tiger Global
Y CombinatorIndustry standards
Benefits
Professional Development Budget
Growth & Insights and Company News
6 month growth
↓ -13%1 year growth
↓ -16%2 year growth
↓ -16%Earlier this month, the Pittsburgh Business Times reported that Mach9, a geospatial software startup that was headquartered in Bloomfield, had raised $14.4 million per Securities and Exchange Commission filings and Pitchbook data.
Mach9 has raised $12 million in a seed funding round led by Quiet Capital, with participation from investors like Overmatch Ventures and Kyle Vogt. The funding will support team growth and product development for their AI-powered geospatial mapping solution, Digital Surveyor. This tool converts LiDAR scans into digital maps, significantly speeding up mapping processes. Mach9's technology is already aiding infrastructure partners like Michael Baker International and POWER Engineers.
Listen to this articleFaster production of mapping data can cut costs for the construction industry, says Mach9. Source: Mach9 Robotics. Autonomous vehicles, delivery robots, and aerial drones all rely on geospatial data, as do construction and utility firms. Mach9 Robotics Inc. said it takes 3D data from lidar scans and turns it into 2D and 3D engineering models faster and cheaper than with conventional methods. “Just as CAD software allowed GPS to revolutionize the surveying industry, we set out to build powerful tools that could unlock the potential of mobile mapping,” said the company
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.
Come cheer the final round teams pitch for the 2021 McGinnis Venture Competition
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About Mach9
Industries
Data & Analytics
AI & Machine Learning
Company Size
11-50
Company Stage
Seed
Total Funding
$14M
Headquarters
Pittsburgh, Pennsylvania
Founded
2021
Mach9 is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today