TraceAir is a construction software company that provides solutions for land development and earthwork projects. The company's platform utilizes drone-captured data to analyze construction sites and generate insights for project management. TraceAir's software aims to improve efficiency and automation in the construction industry by surveying project data and providing tools for estimating costs, materials, and tracking project progress. The platform combines terrain data, photogrammetry, and point cloud data to create accurate 3D models of terrain surfaces, calculate material volumes, and generate 3D designs.
In February 2021, TraceAir introduced GradeIt!, a feature designed to help grading contractors increase efficiency and potentially reduce costs by at least 10%. The company's software compares strategy capture data with design documentation to guide contractors on next steps, potentially speeding up job completion. TraceAir's technology is particularly focused on improving site balance, accelerating schedules, and saving money for its clients in the construction and land development sectors.
As of May 2024, TraceAir had raised a total of USD 36 million in funding, including a USD 25 million Series B round led by PeakSpan Capital. The company, which was founded in 2015, relocated its headquarters to Seattle. TraceAir's platform is part of the broader earthworks software market, which was valued at USD 2,471.9 million in 2020 and is projected to reach USD 5,364.3 million by 2027, growing at a CAGR of 13.5%.
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