French cloud-based Reality Data management and collaboration solution provider Cintoo, has closed a €37 million Series B funding round. Reality data refers to the digital representation of physical objects, environments, or phenomena, captured through technologies like laser scanning, photogrammetry, and LiDAR.

Founded in 2013, Cintoo specialises in transforming large 3D laser scan data into high-resolution 3D meshes that are 10 to 20 times smaller without sacrificing accuracy. Reducing the size of scanned data without compromising resolution enables faster uploads and reduces storage needs.

Its SaaS platform enables organisations using terrestrial, mobile, or drone scanners to efficiently manage, share, and collaborate on their Reality Capture data. 

The Cintoo Platform supports a wide range of data formats and sources and the platform is used by over 500 companies in over 40 countries in architecture, engineering, construction, energy, and Industry 4.0 sectors. 

According to Dominique Pouliquen, CEO of Cintoo,  the funding will “help the company’s growing demand from our customers across multiple industries.”

Partech led the round, which was joined by Amavi Capital and Armilar Venture Partners. 

“We believe Cintoo is transforming how large manufacturing and construction companies innovate and collaborate thanks to their innovative “as-built” digital twin platform,” said Omri Benayoun, General Partner at Partech.

With the fresh funding, Cintoo will enhance its SaaS platform by expanding its portfolio of integrations and will double down on investments to provide cutting-edge applications for the construction and industrial sectors. This includes building on its brand-new industrial metaverse experience and automatic asset tagging capabilities. These efforts will foster its international growth in the US and Europe. 

Lead image: Cinto. Photo: uncredited.