Snaptrude Secures $14 Million in Series A Funding to Revolutionize Design in Construction

Snaptrude, a software provider focused on design in construction projects, has successfully secured $14 million in a Series A funding round, with Foundamental VC and Accel leading the investment. The New York-based company, with a presence in Bengaluru, aspires to create a modern operating system for the design-construction process, commencing with a browser-based collaborative 3D design tool.

This Series A financing comes only a year after Snaptrude raised $6.6 million in seed funding, also led by Foundamental VC and Accel. The newly acquired capital will facilitate the expansion of Snaptrude’s product and engineering teams and enhance its go-to-market strategy, enabling broader engagement with architecture firms.

Snaptrude’s platform is notable for its fully browser-based approach, allowing real-time collaboration while automatically generating essential project details like cost estimates, quantity takeoffs, project schedules, and climate studies. The company is targeting the vast $12 trillion architecture, engineering, and construction (AEC) industry, aiming to address productivity issues and promote innovation within this crucial sector.

Altaf Ganihar, the founder and CEO, envisions simplifying the complex construction design journey by creating a cloud-based tool to support architects and designers. With a user base exceeding 20,000 globally, Snaptrude is actively working to democratize high-quality design. The recent funding will contribute to further transformative efforts within the AEC industry. Currently, the company serves over 15 global firms and boasts a team of more than 50 members.

Snaptrude’s journey began in 2017, when it was founded by Altaf Ganihar, a graduate of KLE Technological University (formerly BVBCET) in Hubli, Karnataka.

That’s fantastic news! Snaptrude is definitely making waves in the construction industry. They have recently secured an impressive $14 million in Series A funding, which is a big milestone for them. It’s great to see them becoming a major player in the tech world. Sending my best wishes to the Snaptrude team for their continued success! 

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