Snaptrude, a software company specializing in construction project design, recently secured $14 million in a Series A funding round. This funding was led by Foundamental VC and Accel. The company, headquartered in New York with an office in Bengaluru, is on a mission to create a contemporary operating system for the design and construction process. Their journey begins with the development of a web-based collaborative 3D design tool. Notably, this Series A funding follows closely on the heels of a successful $6.6 million seed funding round, also supported by Foundamental VC and Accel, just 12 months prior.

The recent injection of capital will bolster Snaptrude's expansion plans for its product and engineering teams and enhance its go-to-market strategy. This will facilitate the company's efforts to reach a broader audience, particularly within the architecture firms. Snaptrude's platform, characterized by a fully web-based approach, facilitates seamless real-time collaboration and automates the generation of essential project data, including cost estimates, quantity takeoffs, project schedules, and climate studies. The company is positioning itself to tackle the vast $12 trillion architecture, engineering, and construction (AEC) industry, which encompasses projects with numerous stakeholders and substantial multi-million-dollar budgets.

"There is a significant challenge in terms of productivity, which acts as a bottleneck for innovation and the much-needed efficiency and sustainability in the construction industry for this decade", the company stated. Altaf Ganihar, the founder and CEO, expressed his intention to address the complexities in the construction design process by creating a cloud-based tool that could provide vital support to architects and designers.

Ganihar further stated, "We have reached more than 20,000 users worldwide, and our aim is to democratize access to quality design. This new funding will enable us to continue developing software and tools to drive positive transformation in the AEC industry". Presently, Snaptrude serves a client base of over 15 global firms and maintains a team of more than 50 employees. The company was established in 2017 by Ganihar, an alumnus of KLE Technological University, formerly known as BVBCET, in Hubli, Karnataka.