Canvas, a pioneering technology company specializing in 3D measurement and modeling solutions for the architecture, interior design, and construction industries, has secured a significant $10 million Series A funding round. This injection of capital marks a pivotal moment in Canvas’s evolution, propelling the company forward in its mission to revolutionize how spaces are designed, built, and managed. The funding round, led by Trilogy Equity Partners, a Bellevue, Washington-based venture capital firm, also saw participation from prominent investors including Foundry Group, Acquired Wisdom Fund, GC&H Investments, and Frontier VC. This collective investment underscores the confidence in Canvas’s innovative technology and its potential to transform traditional industry workflows.
At the helm of Canvas is Sarah Bird, a seasoned Seattle-based executive with a distinguished track record. Bird brings nearly 14 years of leadership experience from SEO software startup Moz, including seven years as CEO, where she successfully steered the company through a significant acquisition by iContact, a subsidiary of J2 Global, in 2021. Her expertise in navigating complex business landscapes, coupled with a deep understanding of the technology sector, positions her ideally to lead Canvas through its next phase of growth. Joining Bird on the leadership team are key figures like Dianne Hallock as Chief Revenue Officer, Gleb Krivovyaz as Head of Engineering, Anton Yakubenko as Chief Product Officer, Jed Lyon overseeing operations, and Zoe Silverman leading human resources. The company also benefits from the financial guidance of Meena Srinivasan, serving as fractional CFO. This robust team combines deep technical expertise with strategic business acumen, creating a strong foundation for Canvas’s continued success.
Canvas’s journey began in 2008 under the name Occipital, a company focused on 3D sensing, virtual reality, hardware products, and related technologies. After years of exploring these diverse fields, the company underwent a strategic transformation in 2022, culminating in a rebranding and relaunch as Canvas. This pivot reflects a sharpened focus on software-driven solutions for the built environment. The company has embraced a remote-first operational model, fostering a global team of 50 employees. This distributed workforce allows Canvas to tap into a diverse talent pool while maintaining agility and adaptability in the ever-evolving technology landscape. The shift to a fully software-focused business model marks a significant evolution, leveraging the accumulated expertise and technological foundation built over the years at Occipital.
The $10 million investment represents a significant vote of confidence in Canvas’s vision for the future of 3D measurement and modeling. The funds will be instrumental in accelerating product development, expanding market reach, and bolstering the company’s already impressive team. This strategic infusion of capital will enable Canvas to further refine its software offerings, ensuring they remain at the cutting edge of industry innovation. The funding will also empower Canvas to expand its market presence, reaching a broader audience of architects, interior designers, and construction professionals. Furthermore, the investment will support the growth of the company’s team, attracting and retaining top talent to drive continued innovation and market leadership.
Canvas’s software platform offers a comprehensive suite of tools designed to streamline workflows and enhance accuracy in the architecture, interior design, and construction sectors. By leveraging advanced 3D scanning technology, Canvas empowers professionals to capture highly detailed spatial data, eliminating the need for time-consuming and error-prone manual measurements. This digital transformation not only improves efficiency but also enhances the overall quality and precision of projects. The platform’s intuitive interface and powerful features make it accessible to users of varying technical expertise, democratizing access to advanced 3D modeling capabilities. Canvas’s software integrates seamlessly with existing industry-standard tools, ensuring a smooth transition for businesses seeking to adopt its innovative solutions.
The future of Canvas appears bright, fueled by a strong leadership team, innovative technology, and the backing of prominent investors. The company is poised to capitalize on the growing demand for digital solutions in the built environment, driving further adoption of its 3D measurement and modeling platform. The $10 million Series A funding will be a catalyst for accelerated growth, enabling Canvas to expand its market share and solidify its position as a leader in the industry. As the architecture, interior design, and construction sectors increasingly embrace digital transformation, Canvas stands at the forefront, empowering professionals to design, build, and manage spaces with unprecedented efficiency and precision. The company’s relentless pursuit of innovation and dedication to customer success positions it for long-term growth and continued leadership in the rapidly evolving world of 3D technology.
