ClearEdge3D

ClearEdge3D, based in the US, develops software solutions that enhance efficiency in the architecture, engineering, and construction (AEC) industries, focusing on automating point cloud data conversion and ensuring construction quality assurance. ClearEdge3D specializes in advanced software tailored for the architecture, engineering, and construction sectors. Founded in 2006 in Superior, US, the company has completed 2 deals, with the most recent being in February 2018. The latest funding, a Seed round amounting to USD 450,000, was backed by Camber Creek, bringing the total amount raised to USD 450,000.

The CEO, Christopher Scotton, leads the firm in its ongoing efforts to innovate within the AEC industry. ClearEdge3D specializes in advanced software solutions designed for the architecture, engineering, and construction (AEC) industries, with a primary focus on their flagship products, EdgeWise and Verity. EdgeWise automates the conversion of point cloud data into as-built models, significantly enhancing efficiency by reducing modeling time by up to 73%. The software uses advanced computer vision algorithms to automatically extract geometric information from both mobile and terrestrial laser scans, thereby addressing common challenges in as-built documentation and modeling accuracy.

Verity complements this offering by providing construction quality assurance through automated deviation detection between modeled and as-built conditions, facilitating error identification before they lead to costly issues. The client base includes industry leaders in construction and engineering, including AECOM and DPR Construction, with geographical markets extending across North America, Europe, and parts of Asia, focusing on sectors such as industrial, commercial, and infrastructure development. ClearEdge3D generates revenue through a subscription-based model for its software products, allowing clients continuous access to updates and support. The typical transaction structure involves annual licenses for EdgeWise and Verity, catering to businesses that require ongoing modeling and quality control solutions.

Clients can opt for different tiers based on their project needs, which may include additional features or user licenses for larger teams. In addition to software subscriptions, ClearEdge3D may engage in strategic partnerships with firms in the AEC sector, further solidifying its presence in the market. The combination of flagship products like EdgeWise and Verity and their subscription service model supports a steady revenue stream, underpinned by a commitment to enhancing client project efficiency and accuracy. ClearEdge3D aims to bolster its product offerings and expand its market reach.

The company is currently designing new features for EdgeWise and Verity, with expected releases aimed at increasing functionality within the next year. Plans for geographic expansion are in place, targeting markets in Asia and Europe by 2025. The recent Seed funding of USD 450,000 will be utilized to innovate their software solutions and enhance productivity at construction sites, as indicated by their recent exit from a stake in Topcon Corporation in February 2018.