Modumate Raises $1.5M Seed Funding to Automate Drafting for Architects

San Francisco, CA, July 12, 2018 --(PR.com)-- Modumate, a provider of next-generation 3D design software for architects, has raised $1.5 million from a combination of seed-stage investors and angel investors, including 205 Capital, Launch Capital, RiverPark Ventures, and TeleSoft Capital. The raised capital will be used for hiring, product development and marketing.

Modumate is delivering new software that allows architects to modernize their business processes to save time, improve design and better serve their clients. The first major deliverable is an easy-to-use 3D design environment that can automatically generate construction- and permit-ready drawings of a design. In a typical design project today, drafting a drawing set (creating sheets, views, schedules and legends; adding dimensions, callouts, tags and notes) represents 50% or more of time spent on a given project. Modumate will perform those low-leverage tasks instantly, giving architects more time to focus on the client, better design, additional value-add services, or realizing higher profit margins on the project.

“Architects have not seen the same productivity benefits from the dramatic advances in technology as most other industries - in fact, no new primary design authorship software has been served to the architecture community in nearly 20 years,” said Richman Neumann, Modumate’s CEO. “As architects design in Modumate, the designed objects include all of the data needed to automate many tasks, beginning with drafting, to save architects time and improve quality.”

Modumate is accepting pre-orders now, will enter alpha and beta customer testing this fall, with the first public production release scheduled for the end of 2018. The product will be sold as a monthly or annual subscription license.