# GridRaster

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gridraster

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.gridraster.com
- Total disclosed funding: $4.6M
- Latest round: Seed (Oct 3, 2019)
- Investors on record: 8

## About

GridRaster Inc. delivers AI-driven solutions to enhance industrial manufacturing, training, and sustainment through its ATLAS platform, enabling real-time spatial awareness and dynamic task automation across diverse sectors.Founded in 2014, GridRaster Inc. operates from Mountain View, US, specializing in AI-driven solutions for industrial applications. The company was co-founded by Dasun Abegunasekara, Rishi Ranjan, and others, focusing on transforming operational efficiencies. In July 2020, GridRaster secured USD 2.5 mn in funding led by Blackhorn Ventures, with participation from Exfinity Venture Partners and MaC Venture Capital. The company's total funding raised to date stands at USD 2.5 mn, following four funding deals since inception.GridRaster specializes in providing advanced AI-driven solutions targeted at transforming industrial manufacturing, training, and sustainment through its flagship product, the ATLAS (Automatic Tracking, Localization, and Augmentation System) platform. This platform integrates foundational AI models with customer-specific data to facilitate real-time spatial awareness and dynamic task automation across various sectors, including aerospace & defense, aviation, general manufacturing, and energy. Key functionalities of ATLAS include digital twin creation, inspection and maintenance support, and automation and robotics optimization, allowing for precise 3D mapping, object localization, and AR-guided workflows. The company serves a diverse range of clients, including defense contractors and large service providers, focusing on markets in the United States and India, among others. GridRaster’s technology enhances productivity, minimizes operational costs, and drives revenue growth for its customers by leveraging spatial computing and AI capabilities.GridRaster operates on a business-to-business model, providing its solutions through modular AI-powered services that can be accessed via secure APIs. Revenue generation occurs through direct partnerships with enterprises and defense contractors, offering customized solutions tailored to specific operational needs. Engagements typically involve licensing agreements and subscription models for the ATLAS platform, which includes services like digital twin creation and AR-guided inspections. The structure of these transactions is designed to ensure customer data sovereignty, allowing clients to deploy solutions either on-premises or within secure government/private cloud environments. While specific pricing plans for GridRaster's offerings are proprietary, the value proposition emphasizes significant cost savings and efficiency gains for industries adopting their technologies.GridRaster plans to leverage the recent USD 2.5 mn funding raised in July 2020 to enhance their product offerings and expand market reach. Upcoming developments include new features for the ATLAS platform aimed at further automating industrial processes. The company is focused on targeting expansion into new regions, particularly in Asia and Europe, with plans to establish a presence in these markets by 2023. The strategic use of recent funding will support product development and market entry initiatives.

## Funding rounds

- Seed, Oct 3, 2019, $2.4M — Exfinity Venture Partners, Blackhorn Ventures, MaC Venture Capital
- Seed, Oct 9, 2017, $2M — Lumia Capital, Exfinity Venture Partners, Unshackled Ventures, Pipeline Capital Partners, NextStar, The Explorer Group
- Angel, Jul 7, 2015, $0.1M — Unshackled Ventures

## Investors

- Unshackled Ventures (https://capitalatlas.ai/funds/unshackled-ventures) — Angel, Seed
- Lumia Capital (https://capitalatlas.ai/funds/lumia-capital) — Seed
- Exfinity Venture Partners (https://capitalatlas.ai/funds/exfinity-venture-partners) — Seed
- Pipeline Capital Partners (https://capitalatlas.ai/funds/pipeline-capital-partners) — Seed
- NextStar — Seed
- The Explorer Group (https://capitalatlas.ai/funds/the-explorer-group) — Seed
- Blackhorn Ventures (https://capitalatlas.ai/funds/blackhorn-ventures) — Seed
- MaC Venture Capital (https://capitalatlas.ai/funds/mac-venture-capital) — Seed