Mach9 raises $34M after pivoting to AI CAD software
The startup initially set out to build better, faster, and cheaper surveying hardware in 2021.
Alex Baikovitz co-founded Mach9 Robotics in 2021 with the aim of modernizing civil engineering inspections, but ultimately realized that hardware wasn't the limiting factor. "The real pain was in their workflows," he explained, noting the tedious process of turning raw data from laser scanners and image capture systems into usable survey data.
After dropping "Robotics" from the name, Mach9 shifted its focus to developing AI-powered computer-aided design (CAD) software. The pivot proved successful, with the company securing nearly 100 customers for its private beta and using it on more than 2,500 projects. The momentum led to a $34 million Series A funding round co-led by First Round Capital and Bessemer Venture Partners, along with investments from Prudence and Quiet Capital.
Mach9 is competing in the fast-paced field of construction and infrastructure pipeline modernization. The startup's software automates tedious tasks, making the process 10 times faster and reducing costs by a significant margin. By automating data conversion, Mach9 enables customers to expand their capacity, take on larger projects, and influence major infrastructure decisions.
The company's AI models achieve centimeter-accurate results, a level unmatched by off-the-shelf alternatives. Mach9's AI CAD system generates an initial plan that engineers can refine, providing tools for adjustments and quality assessment. With the funding, the startup plans to enhance its product, hire industry experts, and scale its organization.
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