# PreNav

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

- Industry: Consumer Products
- Headquarters: Redwood City, US
- Website: www.prenav.com
- Total disclosed funding: $14M
- Latest round: Seed (Aug 24, 2016)
- Investors on record: 6

## About

PreNav, Inc. utilizes advanced drone technology and deep learning algorithms to conduct thorough inspections of critical infrastructure, generating detailed digital twins for enhanced asset management.Founded in 2013 and headquartered in Redwood City, US, PreNav, Inc. specializes in utilizing drones for infrastructure inspections. The company was co-founded by Asa Hammond and Nathan Schuett, with Nathan currently serving as CEO. PreNav raised USD 6.50 mn in its latest Seed round led by Crosslink Capital, contributing to a total funding of USD 6.50 mn across 4 deals.PRENAV specializes in advanced drone technology combined with deep learning algorithms to provide comprehensive inspection services for critical infrastructure. The company's core offerings include the deployment of commercially available drones to capture thousands of high-resolution images of various structures, which are then processed into detailed 3D digital twins (point clouds) of the assets. These digital twins allow for automated visual inspections, where deep learning algorithms analyze the structures for defects such as cracks and corrosion, thereby delivering actionable insights and tracking structural changes over time. PRENAV’s solutions cater to industries that require rigorous inspection protocols, such as energy, transportation, and construction, and are actively marketed in North America, Europe, and parts of Asia.The revenue model for PRENAV revolves around providing subscription-based access to its software platforms and services, which facilitate the visual inspection of large structures via drone imagery. Clients, which include infrastructure owners and operators, engage PRENAV for its industry-leading software that supports automated visual inspections. Transactions typically occur through contracts where clients pay for specific projects or ongoing services, including the analysis of inspected data and the generation of reports. PRENAV’s offerings include customized solutions that are tailored to industry-specific needs, ensuring that clients receive high-resolution digital twins and deep analytical insights as part of their service agreement. The transaction structure effectively positions PRENAV as a B2B service provider, focusing on long-term partnerships with enterprises that prioritize infrastructure reliability and safety.PreNav, Inc. is focused on expanding its product offerings, with plans to introduce new software enhancements designed to improve inspection accuracy and reduce operational time. The company aims to penetrate new geographic markets, particularly targeting regions in Asia and Europe by 2025. The recent funding raised will be allocated towards product development and market expansion initiatives, enabling PreNav to strengthen its presence and improve service delivery in these new territories.

## Funding rounds

- Seed, Aug 24, 2016, $6.5M — Crosslink Capital, WI Harper Group, Pear VC, Haystack, Liquid 2 Ventures
- Seed, Jun 8, 2016, $6.5M — Pear VC
- Seed, Aug 26, 2015, $1.2M — Pear VC, Drone.VC

## Investors

- Pear VC (https://capitalatlas.ai/funds/pear-vc) — Seed
- Drone.VC (https://capitalatlas.ai/funds/drone-vc) — Seed
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Seed
- WI Harper Group (https://capitalatlas.ai/funds/wi-harper-group) — Seed
- Haystack (https://capitalatlas.ai/funds/haystack) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed