London, 17 January 2020 – 3D Repo, pioneers of cloud-based design collaboration in Building Information Modelling (BIM), has received another major vote of confidence and financial boost for its digital construction services business.
Ingenious, through its Infrastructure Ventures EIS Service, lead a £2.3m A-series investment round in 3D Repo, completing yet another successful year for the innovative start-up.
Cutting-edge technology by 3D Repo has been successfully deployed on some of the largest and most prestigious construction projects with companies such as Atkins, Balfour Beatty, Bryden Wood, BuroHappold, Canary Wharf Contractors, and Crossrail among others.
Its multi-award-winning digital platform for BIM data is transforming how construction projects are designed and delivered by democratising data, mitigating risk, and reducing complexity for everyone involved.
Instead of architects, engineers and contractors sharing massive proprietary files in a costly and time-consuming manner, they can simply point their web browser to an encrypted cloud platform to examine each project stage virtually.
The 3D Repo platform allows users to manage 3D model revisions and to highlight potential clashes and safety issues using live collaboration tools which enable the whole project team to work from a single source of truth, anywhere and at any time.
Guy Ranawake, Senior Investment Director at Ingenious, commented:
“There has been solid growth in the use of BIM worldwide and especially in the UK following the government mandate for BIM Level 2 on all large-scale public sector construction and infrastructure projects since 2016. 3D Repo’s online platform has excellent collaborative tools that allow teams to achieve all the benefits promised by BIM, consistently helping projects meet cost and time targets. We are very happy to support 3D Repo and look forward to seeing the growth of the company which aligns strongly with our investment strategy and infrastructure sector focus.”
Dr Jozef Dobos, founder and CEO of 3D Repo, said:
“3D Repo is a powerful digital construction platform that has already helped many of our clients improve communication, coordination, and collaboration. Having the backing of Ingenious means that we can continue to support the country’s foremost digital construction champions and drive the use of 3D Repo on the most challenging infrastructure projects globally.”
Notes to Editors
For more information, please contact:
Greentarget (for Ingenious)
+44 207 324 5498
+44 (0)20 3995 4491
3D Repo is a multi-award-winning company offering a Software-as-a-Service (SaaS) platform for Building Information Modelling (BIM) in the cloud. Instead of architects, consultants and contractors sharing massive proprietary files in a costly and time-consuming manner, they can simply point their web browser to an encrypted knowledge base in order to examine each project stage virtually. With 3D Repo, users can manage model revisions and highlight potential issues using live collaboration tools, which allow the whole project team to work from a single source of truth. 3D Repo also includes patent pending technology to identify real-time changes and clashes in 3D models. By comparing the actual geometry of a model rather than underlying, software specific object IDs or labels, 3D Diff Change Detection can identify changes between models from different sources. 3D Diff Clash Detection automatically highlights intersections, and therefore potential conflicts, between different types of models.
Ingenious is a FCA regulated alternative investment manager that specialises in media, infrastructure, real estate and education. Founded in 1998, the company has raised and deployed over £9 billion of capital on behalf of clients across all the operating divisions since inception. Ingenious’s infrastructure division has deployed over £720m in energy infrastructure projects since it was established in 2011 across the UK, Republic of Ireland and Australia. A dedicated team of some 30 investment professionals have experience across investment, finance, law, accountancy and engineering. The infrastructure management team benefits from lengthy experience in the origination, execution and management of investments in the infrastructure sector and related technologies, including energy, mobility, digital and resource efficiency.