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Snaptrude: Shaping the Future of Building Design | BuildCentrix

Home » Snaptrude gets VC backing to take on Autodesk in building design space

Snaptrude gets VC backing to take on Autodesk in building design space

February 15, 2023 Bits and Bytes

Snaptrude, a young start-up headquartered in New York, is the second company in the design space to raise capital to tackle the problem of antiquated design technology. Its mission is to disrupt Autodesk in the building design space, giving customers modern and broader sets of features at a more affordable cost. Through a seed fund co-led by Accel and Foundamental VC, company’s efforts have raised $6.6 million toward taking on an industry that has relied on decades-old code and where cloud-based collaboration is still elusive.

“The problem has been that the industry is very backward in nature,” said Altaf Ganihar, founder and CEO of Snaptrude, in an interview. “It’s dominated by companies like Autodesk, humongous companies, software built largely in the 90s. So, the software stack is very old.”

Building Information Modeling (BIM) solutions, including Autodesk’s Revit, lack interoperability and require high-end computers. Architects, engineers, construction firms, and industry groups have raised these concerns in numerous open letters to the $40 billion Autodesk with little to no success.

Arcol, which started in January 2021, is also trying to solve the same problem with their models. Ganihar said that Snaptrude is offering a full-fledged solution in the market, which is different from Arcol and other startups that may take a couple of years to bring their products out.

“There are hardly any players in a full-stack scenario,” he said.

Read the full story | techcrunch.com

Tags: AutodeskBIMBuilding Information ModelingCloudConstruction IndustryConstruction TechnologySaaS
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