DVC invests $3.5 million in PLNAR

Austin-based augmented reality dimensioning platform Plnar has raised $3.5 million in a Series A round led by Dallas Venture Capital (DVC), a Dallas-based venture capital firm focused on early and growth-stage companies in cloud infrastructure, AI/ML, mobile, XR and other emerging technologies.

Founded in 2012, PLNAR is a team of 19 and it operates in the space of HOVER by offering a digital desk platform that enables data capture and delivery of virtual claims from the field to the desk. Policyholders can use the app to capture damage and measure an entire interior space simply by taking photos with their mobile device enabling desk adjusters’ digital access to interior spaces with complete context and data – including measure-ready photos, interactive 3D models and desk tools. PLNAR’s solution typically can reduce inspection costs by 50-60% and reduce claims processing time from 14 days to 1 day.

“PLNAR has been on a hypergrowth mode with increasing acceptance by the insurance carriers, we chose to partner with DVC as we have been impressed with their DVC Advantage and DVC Quick programs, and are looking forward to leveraging DVC’s extensive advisory network to further accelerate our growth.” – Andy Greff CEO of PLNAR.

“Today’s pandemic has presented a unique opportunity to accelerate demand for PLNAR due to new requirements to keep staff and customers safe”, our investment in PLNAR will enable them to further their first mover advantage by growing their sales and marketing teams and expand into adjacent markets.” – Dayakar Puskoor, Founder and Managing Partner of DVC.