Modumate Raises $1.5M Seed Investment to Automate Drafting for Architects

San Francisco, CA, July 12, 2018 –(PR.com)– Modumate, a supplier of next-generation 3-D design tool for architects, has raised $1.5 million from a mixture of seed-stage traders and angel traders, together with 205 Capital, Release Capital, RiverPark Ventures, and TeleSoft Capital. The raised capital will likely be used for hiring, product building and advertising.

Modumate is handing over new tool that permits architects to modernize their industry processes to save lots of time, reinforce design and higher serve their purchasers. The primary primary deliverable is an easy-to-use 3-D design setting that may mechanically generate construction- and permit-ready drawings of a design. In an ordinary design undertaking nowadays, drafting a drawing set (developing sheets, perspectives, schedules and legends; including dimensions, callouts, tags and notes) represents 50% or extra of time spent on a given undertaking. Modumate will carry out the ones low-leverage duties straight away, giving architects extra time to concentrate on the buyer, higher design, further value-add products and services, or understanding upper benefit margins at the undertaking.

“Architects have no longer observed the similar productiveness advantages from the dramatic advances in generation as maximum different industries – in truth, no new number one design authorship tool has been served to the structure group in just about two decades,” stated Richman Neumann, Modumate’s CEO. “As architects design in Modumate, the designed items come with the entire information had to automate many duties, starting with drafting, to save lots of architects time and reinforce high quality.”

Modumate is accepting pre-orders now, will input alpha and beta buyer checking out q4, with the primary public manufacturing launch scheduled for the top of 2018. The product will likely be bought as a per month or annual subscription license.