# Smart Picture Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smart-picture-technologies

- Industry: Software
- Headquarters: Austin, US
- Website: www.plnar.ai
- Total disclosed funding: $7.4M
- Latest round: Series A (Dec 14, 2020)
- Investors on record: 4

## About

Smart Picture Technologies, Inc. is a technology company specializing in AI-driven solutions that convert smartphone images into detailed spatial records, primarily focusing on the property insurance sector.Founded in 2012, Smart Picture Technologies, Inc. is headquartered in Austin, US. The company offers an innovative platform that enables users to create precise floor plans from smartphone images. In December 2020, it raised USD 3.5 mn in Series A funding from Dallas Venture Capital, marking a significant development in its growth strategy. The company has successfully executed 5 deals to date. Kari Myllykoski is the founder of the firm.Plnar offers an AI-powered platform designed to transform smartphone images into detailed spatial records, including accurate floor plans. This technology streamlines property documentation processes, enabling policyholders to capture images and measurements independently at their convenience. The platform caters primarily to insurance companies and claims professionals, enhancing their capabilities in handling claims for residential and commercial properties. Key products include Plnar Pro, Plnar First, Plnar Spatial, and Plnar Complete, all of which are aimed at improving the accuracy and efficiency of property assessments and claims processing. The company serves a diverse clientele across North America, focusing on enhancing operations for adjusters, insurers, and service professionals within the property insurance sector.Plnar generates revenue through a subscription-based model, offering various tiered services tailored to the needs of its clients, including insurers and claims adjusters. These services allow clients to utilize Plnar’s advanced imaging and measurement capabilities, creating a seamless experience for documenting and estimating property damages. Transactions typically involve annual or monthly subscriptions for access to the platform, with clients benefiting from features such as AI-driven estimates and cloud-based access to their documentation. Notable offerings like Plnar Pro enhance user experience by providing integrated solutions that streamline operational workflows. Financial details pertaining to specific pricing plans or revenue figures are not disclosed.In December 2020, Smart Picture Technologies, Inc. raised USD 3 mn in Series A funding to support its growth initiatives. The company plans to enhance its product offerings, aiming to develop new features and technologies to improve user experience. Additionally, Smart Picture Technologies is targeting expansion into new markets across North America, with strategic initiatives aimed at increasing its presence in the property insurance sector.

## Funding rounds

- Series A, Dec 14, 2020, $3.5M — Dallas Venture Capital
- Series A, Jul 13, 2018, $3.9M — The Venture Reality Fund, Colopl Next, ManchesterStory

## Investors

- The Venture Reality Fund (https://capitalatlas.ai/funds/the-venture-reality-fund) — Series A
- Colopl Next (https://capitalatlas.ai/funds/colopl-next) — Series A
- ManchesterStory (https://capitalatlas.ai/funds/manchesterstory) — Series A
- Dallas Venture Capital (https://capitalatlas.ai/funds/dallas-venture-capital) — Series A