Architecture and civil engineering software company Datumate Ltd. has raised $5 million. Battery Ventures led the round, and was joined by existing investor Al-Bawader, which invests in the Israeli-Arab business community. The company will use the proceeds to pursue product innovation, expand its business to new markets, and acquire more customers worldwide.
Nazareth-based Datumate was founded by CTO Dr. Jad Jarroush, a civil engineer. Its chairman is former Orbotech Ltd. (Nasdaq: ORBK) CEO Ran Cohen.
Datumate's ‘field-to-plan’ technologies use image-processing technology to slash the time crews spend in the field taking technical measurements for projects while maintaining a high level of accuracy, as well as the office time needed to transform these measurements into maps and plans. This revolutionizes the laborious and error-prone process of capturing field data and turning it into a GIS map or a CAD plan, which currently involves taking detailed field measurements with dedicated surveying equipment, making sketches by hand in the field, and then turning them into a technical plan. The company's software enables surveyors, architects, and civil engineers simply photograph the surveyed area or object with a regular camera, either handheld or carried by small remote-controlled quadcopter, and draw maps or plans directly on the resulting digital images. This streamlines the process of turning field data into maps and plans, making it faster, cheaper and higher quality than the traditional methods.
"We have a very big opportunity in front of us, and we want to continue to move quickly and smartly to capture it," said Datumate CEO said Haim Zelikovsky. Jarroush added that the company's technology “radically changes the entire face of the civil engineering industry.”
Published by Globes [online], Israel business news - www.globes-online.com - on April 30, 2014
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