On May 11, 2023, NEW YORK – A USD 3 million in early funding was closed by Integrated Projects, the top global provider of digitization services for building owners and design experts. The money will increase the Integrated Projects Exchange (IPX) platform’s digitalization capacity from six to 60 buildings per day. The 186 Ventures-led seed round for Integrated Projects also includes contributions from Founder Collective, Connexa Capital, and Four Acres Capital, as well as investments from notable institutional landlords and real estate industry leaders like The Fallon Company, Atlantic Management, JLL, and Newmark.
The widespread deployment of IPX coincides with deteriorating macroeconomic conditions and new climate-focused rules mandating commercial real estate owners to record building footprints and spatial attributes accurately.
According to Jose Cruz Jr., Founder, and CEO of Integrated Projects, “We need first to understand what is before building owners can proactively design and renovate what should be.” “IPX helps owners bring their buildings online with unparalleled accuracy—down to the inch—by integrating 3D scanning and 3D modeling technology. Owners can regain control over their real estate assets by significantly enhancing how they perceive, confirm, quantify, and exchange building features, such as architectural, mechanical, and furnishing information.
For individual landlords, architects, and Fortune 500 companies with multi-location real estate portfolios, the IPX platform digitized more than 1,700 buildings in 2022. These included residences, skyscrapers, schools, hospitals, industrial warehouses, and retail centers. This represents a startling 725 percent increase in the number of buildings digitized yearly. IPX’s reach has been widened across North America, Europe, and Australia through channel collaborations with top 3D scanning businesses like Matterport and Cityscape FARO.
“The largest asset class in the world, real estate, needs to be digitalized quickly. It is now possible for all real estate stakeholders to quickly and affordably identify any data point related to their entire portfolio thanks to technology and tools, according to Giuseppe Stuto, co-founder and managing partner of 186 Ventures, who will join the board of directors of Integrated Projects as a result of this financing. “Jose and the rest of the IPX team are without a doubt the best suited to assist the real estate industry in automating critical components of existing, expensive, slow-moving workflows in a way that benefits all parties,”
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 platform's digitalization capacity from six to 60 buildings per day. The 186 Ventures-led seed round for Integrated Projects also includes contributions from Founder Collective, Connexa Capital, and Four Acres Capital, as well as investments from notable institutional landlords and real estate industry leaders like The Fallon Company, Atlantic Management, JLL, and Newmark.){kind=link}