Cintoo Funding News – Biot-based Cintoo secures €37 million to accelerate AI

Since its founding in 2013, Cintoo has established a solid reputation for converting large amounts of 3D laser scan data into high-resolution 3D meshes that are 10–20 times smaller while preserving accuracy and allowing for quicker upload speeds and less storage usage. Because of this strategy, Cintoo is now the go-to option for more than 500 businesses in 40 countries.

We are thrilled to partner with a new, renowned investor that shares and backs our vision,” said Dominique Pouliquen, CEO of Cintoo.

Partech’s General Partner, Omri Benayoun, expressed strong support for Cintoo’s approach, stating, “We believe Cintoo is transforming how large manufacturing and construction companies innovate and collaborate thanks to their innovative ‘as-built’ digital twin platform. Their visionary and scalable platform addresses a critical need in the market, and we look forward to supporting Cintoo in their growth journey.”

Cintoo will also be able to continue serving the rapidly expanding laser scanning sector, which is turning becoming a vital tool for Industry 4.0 workflows, quality assurance, and Building Information Modeling (BIM), thanks to the finance. For digital twins, which are being utilized more and more in asset management and factory operations in manufacturing facilities, Reality Capture offers incredibly accurate as-built information.

Read Also - Polish-based Oxla Secures €10.15 Million

Scaling in a Growing Market

The market for 3D scanning was estimated to be worth $3.7 billion globally in 2020, and by 2030, it is expected to reach $16.7 billion. With its TurboMeshTM engine, Cintoo's flagship product, the Cintoo Platform, maintains its leadership position as the industry grows by guaranteeing high-quality 3D scans while facilitating seamless navigation and visualization. The introduction of the Cintoo Metaverse portfolio, which introduces extremely comprehensive as-built conditions into Industrial Metaverse applications, is one of the recent platform enhancements.

Cintoo’s growth, CEO Dominique Pouliquen acknowledged the early support from investors such as UI Investissement, Region Sud Investissement, Sofipaca, and Creazur, as well as the ongoing commitment from Amavi Capital and Armilar Venture Partners. “Our journey since launching the Cintoo Platform in 2019 has been hugely rewarding and successful,” Pouliquen noted. “This funding will help us continue to meet the growing demand from customers across multiple industries and unlock new potential within the expanding Reality Data sector.”

Cintoo hopes to lead the way in reality data management going forward and aid in the digital transformation of businesses worldwide with its strategic funding and growing portfolio.

About Cintoo

Cintoo is a cloud-based reality data management company with offices in Miami and Biot-Sophia Antipolis, France, has announced the completion of a €37 million Series B funding round led by Partech.