Augmenta AI - About the company
Augmenta AI is a seed company based in Toronto (Canada), founded in 2018 by Davide Panelli, Francesco Iorio, Massimiliano Moruzzi and Aaron Szymanski. It operates as a Developer of automated electrical design platform for clash-free conduit routing. Augmenta AI has raised $25.8M in funding from investors like Prelude Ventures, Eclipse and Hazelview Ventures. The company has 813 active competitors, including 42 funded and 63 that have exited. Its top competitors include companies like Matterport, Nemetschek Group and Higharc.
Company Details
Developer of automated electrical design platform for clash-free conduit routing. The platform analyzes models and generates constructible conduit routes. It optimizes for length, bend degree, installation time, and cost. The platform integrates with existing conduit schedules and Autodesk Revit. It allows users to explore multiple designs and compare material and labor costs. The platform is designed for commercial projects.
Key Metrics
Founded Year
2018
Location
Toronto, Canada
Stage
Seed
Total Funding
$25.8M in 3 rounds
Latest Funding Round
Investors
Ranked
10th among 813 active competitors
Employee Count
69 as on Jul 31, 2026
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Augmenta AI's funding and investors
Augmenta AI has raised a total funding of $25.8M over 3 rounds. Its first funding round was on Jun 21, 2022. Its latest funding round was a Seed round on Mar 12, 2025 for $*****. 2 investors participated in its latest round. Augmenta AI has 8 institutional investors.
Here is the list of recent funding rounds of Augmenta AI:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 12, 2025 | 8151400 | Seed | 5529140 | 8876524 | 5237646 | 9653872 |
Jun 21, 2023 | 6031875 | Seed | 7173049 | 4115979 | 1993067 | |
Jun 21, 2022 | 6326706 | Seed | 5660716 | 4609536 |
View details of Augmenta AI's funding rounds and investors
Augmenta AI's founders and board of directors
Founder? Claim ProfileThe founders of Augmenta AI are Davide Panelli, Francesco Iorio, Massimiliano Moruzzi and Aaron Szymanski. Francesco Iorio is the CEO of Augmenta AI.
Here are the details of Augmenta AI's key team members:
- Davide Panelli: Co-Founder of Augmenta AI and founder of 1 other company.
- Francesco Iorio: Co-Founder & CEO of Augmenta AI. Contact Info: 1 email address
- Massimiliano Moruzzi: Co-Founder of Augmenta AI and founder of 1 other company. Contact Info: 1 email address
- Aaron Szymanski: Co-Founder & Chief Product Officer of Augmenta AI.
View details of Augmenta AI's Founder profiles and Board Members
Augmenta AI's employee count trend
Augmenta AI has 69 employees as of Jul 26. Here is Augmenta AI's employee count trend over the years:
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Augmenta AI's Competitors and alternates
Top competitors of Augmenta AI include Matterport, Nemetschek Group and Higharc. Here is the list of Top 10 competitors of Augmenta AI, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Matterport 2011, Sunnyvale (United States), Acquired | Provider of 3D digital twin solutions for various industry applications | $163M | 80/100 | |
2nd | Nemetschek Group 1963, Munich (Germany), Public | Provider of software solutions for architecture, engineering, construction, and operation | - | 73/100 | |
3rd | Higharc 2018, Durham (United States), Series C | SaaS-based online 3D staging platform for residential properties | $178M | 64/100 | |
4th | Attentive 2016, Wilmington (United States), Series B | Developer of AI-powered takeoff software for construction and field service industries | $49.7M | 62/100 | |
5th | Planner 5D 2011, Vilnius (Lithuania), Funding Raised | Web-based landscape and interior design tool for amateurs | - | 62/100 | |
6th | Digital floor plan developers | $325K | 61/100 | ||
7th | Developer of software for automated mechanical electrical and plumbing design | $73.4M | 60/100 | ||
8th | AR-enabled mobile application to create floor plans | $1.2M | 58/100 | ||
9th | Artemis 2022, Sacramento (United States), Series A | Provider of AI-powered platform for solar, battery, and home improvement designs | $9.25M | 55/100 | |
10th | Augmenta AI 2018, Toronto (Canada), Seed | Developer of automated electrical design platform for clash-free conduit routing | $25.8M | 55/100 |
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Augmenta AI's Investments and acquisitions
Augmenta AI has made no investments or acquisitions yet.
Reports related to Augmenta AI
Here is the latest report on Augmenta AI's sector:
News related to Augmenta AI
Media has covered Augmenta AI for 1 event in last 1 year, It was about partnerships.
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E-J Electric and Augmenta Announce Five-Year Strategic PartnershipGlobeNewswire•Apr 21, 2026•Ej1899, Augmenta AI
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Augmenta Secures $10 Million USD in Funding to Pioneer AI-Driven Building DesignGlobeNewswire•Mar 12, 2025•Augmenta AI, Prelude Ventures, Montage Ventures
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Augmenta Raises US$11.75 Million in Seed Extension to Disrupt the Construction Industry Through Automated Building DesignBusiness Wire•Jun 21, 2023•Augmenta AI, BDC, Suffolk, Eclipse and 2 others
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Augmenta Introduces Electrical Design Module for the Augmenta Construction PlatformBusiness Wire•Aug 23, 2022•Augmenta AI
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Hazelview Ventures Leads Seed Fundraising For Buildtech Company AugmentaCNW•Jun 21, 2022•Hazelview, Augmenta AI, Hazelview Ventures, Ferguson Ventures and 3 others
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