PLNAR Raises $3.9M Series A
Earlier this week, Plnar , the augmented reality solution that creates, fully measured, real-time 3D models of any room, announced a Series A investment of $3.9m led by ManchesterStory Group. Additional funding comes from The Venture Reality Fund and Colopl Next, Inc. The financing will be used to fund PLNAR’s expansion in the insurance claims and home improvement industries.
PLNAR’s property claims solution captures all the data necessary to virtually settle interior insurance claims by allowing the user to easily gather the full context of the damaged area including measurements, summary reports, photos and 3D models. The platform is designed to integrate seamlessly into existing insurance industry claims applications.
“Having ManchesterStory lead our round really underscores the value PLNAR brings to insurance carriers looking to reduce cost and cycle time in the claims process. The additional investments from The Venture Reality Fund and Colopl Next speak to the way we’re enabling the enterprise, with AR technology that solves a variety of challenges for different home improvement related industries.” – CEO of PLNAR, Andy Greff
Bottom Line: Hover comes to mind.