Last Updated: 30 January 2025
Canvas, a leader in 3D measurement and modeling solutions, has secured a $10 million Series A funding round.
This round marks a major milestone for Canvas, attracting investors with deep expertise in AI and construction technology. Trilogy Equity Partners, known for its focus on SaaS and AI-driven platforms, led the round alongside Foundry Group, a firm with a history of supporting transformative tech startups. Additional investors include Acquired Wisdom Fund, GC&H Investments, and Frontier VC.
This investment aims to accelerate the company’s development of AI-driven technology that converts mobile LiDAR scans into detailed 3D CAD/BIM models.
With 15+ years of experience and 20+ patents in 3D sensing and computer vision, Canvas is solving a long-standing industry challenge: converting raw 3D scans into precise, structured data efficiently. Traditionally, professionals relied on manual measuring and complex modeling, a slow and error-prone process. Canvas streamlines this workflow.
Using an iPhone or iPad, users can scan an interior space in minutes and receive a highly accurate 3D digital twin.
The platform then converts these scans into CAD/BIM formats, significantly reducing the need for manual modeling.
“Canvas is solving a critical challenge in the design and construction industry: turning raw 3D scans into reliable, construction-grade models quickly and affordably. Our technology makes this process simple and accessible, allowing professionals to focus on what they do best. This investment is a strong endorsement of our mission to create a digital twin of every interior, transform it into structured data, and power the full lifecycle of each property”
Sarah Bird, CEO of Canvas
Canvas will use the funds to enhance its AI-powered spatial data processing and reality capture technologies.
By refining its proprietary algorithms, the company aims to improve the speed and accuracy of its 3D modeling capabilities, delivering detailed, construction-ready outputs with minimal manual intervention.
Additionally, Canvas is expanding its market presence, scaling its sales and customer support teams to bring its innovative solutions to more architects, designers, and construction professionals globally. As demand for digital modeling solutions rises, Canvas is positioning itself as the go-to platform for fast, accurate, and scalable 3D space capture.
Founded in 2014, Canvas was created to bridge the gap between reality capture and digital design. The company has since modeled over 110 million square feet of real-world spaces, proving its value in architecture, interior design, and construction.
Under the leadership of CEO Sarah Bird, Canvas brings together top AI researchers, engineers, and industry experts committed to making high-precision spatial data accessible.
By leveraging cutting-edge AI and mobile LiDAR technology, Canvas saves professionals countless hours of field measuring and as-built modeling while reducing errors and improving efficiency.
Trilogy Equity Partners is a Bellevue, Washington-based venture capital firm focusing on early-stage enterprise and consumer software startups. With a hands-on approach, Trilogy helps founders scale their businesses in SaaS, cloud infrastructure, AI, and data-driven products.
Foundry Group is a Boulder, Colorado-based VC firm investing in startups across technology and innovation sectors. Known for long-term partnerships, Foundry has backed companies that redefine industries.
Other investors in this round include Acquired Wisdom Fund, GC&H Investments, and Frontier VC, each bringing strategic expertise to Canvas’s expansion.
"We're at a pivotal moment in 3D modeling, driven by AI and the growing accessibility of LiDAR in mobile devices. Canvas is uniquely positioned to deliver an end-to-end solution that turns the real world into structured data for digital workflows. Canvas is starting with the massive residential and light commercial markets, providing affordable solutions for professionals at all levels. The potential for future applications is enormous."
Yuval Neeman, Managing Director at Trilogy Equity Partners
