TestFit Inc., a provider of building-configuration software, has received a $2 million investment from Parkway Venture Capital that’ll allow it to expand the scope of its service from residential to commercial markets, serving industries like self-storage, hotels and others. The software is designed to help architects, developers and general contractors examine how structures will fit onto a building site using geolocation and 3D imaging tools, according to the source.
Launched in 2017 and headquartered in Dallas, TestFit provides a suite of automated, easy-to-use tools that help users with their architectural feasibility studies, leveraging user knowledge and algorithms. The software helps users quickly resize or reconfigure a structure to see what options are best for a specific parcel, the source reported. It’s already been used in the completion of thousands of studies worldwide, according to the company website. The cost for one user is $4,125 per year.
“This new funding will help us scale to meet increasing demand for accessible generative design and continue innovating to lead the industry,” said Clifton Harness, co-founder and CEO. “With these resources, we will be able to expand our offering beyond just the housing market and start facilitating other building types, such as hotels, office centers and even self-storage facilities.”
Dallas Business Journal, Dallas Company Bringing Video Game-Like Tools to Building Configurations Raises $2M