Sablono, a spin-out of Berlin Institute of Technology, has closed its first investment round. The size is undisclosed but includes High-Tech Gründerfonds, Hasso Plattner Ventures and Nemetschek Allplan, vendor of architecture planning and design software.
Sablono, spun out in 2013, creates software aimed at simplifying the construction industry. Its lead product, Sablono Onsite, allows architects and builders to factor in time when generating their models, so that the virtual representation reflects the real-life progress or delays. The software is able to identify actual progress to set deadlines.
The technology officially entered the market on June 20, 2014. It needs no proprietary devices on site but can instead record all progress via dedicated smartphone and tablet apps.
Marvin Andrä, investment manager at High-Tech Gründerfonds, said: “Topics such as real-time analytics, big data and predictive analytics are becoming a part of one of the world’s key industries thanks to Sablono. We were convinced by the combination of a highly qualified team, initial customer satisfaction and an apparent need for such a software by the industry.” [translated from German by Global University Venturing]
