Quartz Systems Raises $7.75M in Pre-Seed and Seed Funding

Quartz Systems, a San Francisco, CA-based construction technology company leveraging advanced perception systems to understand everything on a construction site, raised $7.75m in pre-seed and seed funding.

The round was led by Baseline Ventures with participation from Felicis Ventures, Lemnos, and Bloomberg Beta.

The company intends to use the funds to further develop their solutions for construction professionals.

Led by Jeremy Conrad, CEO, Quartz is an integrated hardware and software platform that uses cameras and machine learning to provide construction teams with actionable insights to be safer and more productive. Its initial product offering utilizes an advanced crane camera system and a reporting dashboard to provide real-time, 360-degree visibility into everything that happens on a construction site. 

Using a wireless, multi-camera setup, Quartz streams 4K live feeds anywhere in the world, with high resolution, low latency video. Project managers and superintendents are able to see both live and historical data remotely, without ever having to step foot on site or in an office and can monitor security from afar, with night vision, motion detection, and alerts. 

Rugged hardware paired with image recognition and software analytics power the customer dashboard, providing specific daily insights into project progress. In addition to live and historical view, Quartz users can see construction delivery and crane utilization metrics, enabling project managers to react, plan, and deliver on time and on budget. Features in development include tools to understand and improve site safety and concrete cycle productivity.

Quartz is installed on jobs worth over $3.3 billion, covering over 6.9 million square feet.

Source. FinSMEs, May 16, 2020

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