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Drone-focused construction startup TraceAir raises $3.5M

Bay Area-based construction startup TraceAir today announced a $3.5 million Series A. Led by London-based XTX Ventures, this round brings the companys total funding up to $7 million. The raise includes existing investor Metropolis VC, along with new additions Liquid 2 Ventures, GEM Capital, GPS Ventures and Andrew Filev.
We first noted the company back in 2016, when it pitched a method for using drones to spot construction errors before they become too expense. Its a pretty massive field that various technology companies are attempting to solve through a variety of different means, ranging from quadrupedal robots to site-scanning hard hats.
Last February, TraceAir announced a new drone management tool. Haul Router provides the best mathematically objective hauls for each given drone scan, the company noted at the time. Any employee can use the tool to design a haul road and export the results to feed into grading equipment.
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