With the new funding, Snaptrude looks to expand its current headcount of 53 people by growing its product and engineering teams. It also seeks to expand its go-to-market strategy and global reach.
“Snaptrude has emerged as the global front-runner in creating the next-generation design stack for the AEC industry. We’re delighted to be doubling down on our partnership with Altaf and Snaptrude and look forward to seeing how the platform grows to tackle this urgent challenge,” said Shubhankar Bhattacharya, general partner at Foundamental, in a prepared statement.
Currently, Snaptrude, which has its office in India’s Bengaluru, has the U.S. as its primary market, followed by the U.K. and Europe. It plans to focus more on these markets to expand its business.
“Snaptrude’s inventive conceptual design methodology, paired with its impressive market momentum, firmly establishes it as a pioneer in catalyzing transformation within the AEC sector. We wholeheartedly embrace their vision and are excited to remain steadfast in our support for their journey of expansion and innovation,” said Prashanth Prakash, partner at Accel.