An AI company looking to revolutionise how owners, architects, engineers and contractors inspect built structures has raised £1.4m in new funding to accelerate its tech development and expand into North America.
London-based Hammer Missions saw participation from ACF Investors and angel investors including Graham Hunter, founder and former chair at GeoSLAM; Martin Grant, former CEO, energy at Atkins; and Stephen Bullock, serial tech investor and former president at E100 Angels.
The firm’s software solution maps and inspects structures and generates highly tailored 3D inspection reports via automated drone flights.
It aims to capture comprehensive data on building assets quickly and efficiently, significantly reducing the time and cost involved.
Since being founded in 2019, its technology has been deployed in more than 20,000 drone flights and over 5,000 projects.
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“We built our drone software with simplicity at its core, to help industry stakeholders gather actionable data for any type of building structure,” said Varun Sarwal, CEO at Hammer Missions.
“We’re working with exceptional clients and partners, and look forward to using the funding to expand internationally and improve our product offering to remain at the cutting edge of inspection technology in the built environment.”
Sam Fennell, partner at ACF Investors, added: “Hammer Missions radically changes the economics for building owners who need to perform accurate assessments of the structures they own and manage.
“Many large buildings are hard and expensive to access, reducing the ability to assess them for safety or preventative maintenance.
“Thanks to Hammer they can now do this quickly, accurately and cost effectively. We are pleased to be backing Varun and his team as it builds through its next phase of growth.”
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