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TraceAir, a startup developing construction software for land development projects, secures $25 million in funding.

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Seattle-based startup TraceAir recently announced a successful $25 million Series B funding round to enhance its project management software utilized by home builders and land developers. Founded in 2015, TraceAir’s primary goal is to enhance efficiency and automation in construction projects by utilizing drones to survey project data, which can then be analyzed using their innovative software platform.

Leading the Series B funding round was PeakSpan Capital, with additional contributions from Flashpoint Venture Capital and other existing investors. The company was co-founded by Maria Khokhlova, Dmitry Korolev, Alexander Solovyev, and Nikita Ushakov. With Korolev serving as TraceAir’s CEO, the team brings a wealth of experience to the table, with Korolev previously leading a facilities monitoring company known as the Karlsson Project.

TraceAir’s software platform provides home builders and land developers with valuable tools to streamline project management processes. By utilizing drones for surveying, users can access accurate and detailed project data in real-time, allowing for more informed decision-making and enhanced efficiency. This innovative approach to project management sets TraceAir apart as a leader in the industry, with the recent funding round poised to further enhance their offerings and solidify their position in the market.

With the construction industry continuously evolving, technology-driven solutions like TraceAir’s project management software are becoming increasingly essential for companies looking to stay competitive. By leveraging drones and advanced analytics, TraceAir is empowering home builders and land developers with the tools they need to optimize their processes, reduce costs, and deliver projects more efficiently than ever before.

As TraceAir continues to grow and expand its capabilities, the recent funding round will play a crucial role in fueling their development efforts. With PeakSpan Capital leading the way, TraceAir’s commitment to innovation and excellence is evident, positioning them for continued success in the rapidly evolving construction technology landscape. By focusing on efficiency, automation, and data-driven decision-making, TraceAir is helping to revolutionize project management in the construction industry.

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