Real Time Design to Revolutionise Construction and Other Industries
Transaction Summary
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Technology
INDUSTRY
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A$3M
RAISING
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A$18M
PRE-MONEY VALUATION
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A$25,000
MINIMUM INVESTMENT
Investment Highlights
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SpatialGPT.ai is capitalising on the global Generative AI and Spatial Computing megatrends to reimagine how spaces are designed and built.
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By using Spatial Computing that leverages devices including the Apple Vision Pro, SpatialGPT.ai can redefine how construction is completed allowing collaboration with clients, builders and others in real time from any location.
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This allows builders to simplify complex projects, reduce errors and risks, and build homes faster to save time and money.
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The first target market is construction, but the solution can be applied to other design and sales categories such as interiors, auto design and product design.
Company Overview
Transforming spaces in real time to help users design and build the future.
✓ Streamlines workflow
✓ Increases creativity
✓ Maximises productivity and
✓ Improves customer experience
Since launch SpatialGPT.ai has reached several milestones to validate the business model and begin to develop the opportunity
✓ Multiple industry partners and enablers including Microsoft, Apple, OpenAI and JigSpace to support our go-to-market
✓ First revenues from major Australian companies validates industry demand and opportunity
✓ A $27M in qualified opportunities for building segment alone
✓ Significant upside from multiple industries from architects, interior design, and auto design
SpatialGPT.ai is an innovative company that focuses on integrating Generative AI to revolutionise spatial environments across various sectors. The company’s primary mission is to enhance precision, minimise delays, and optimise costs, thereby driving industries toward a technologically advanced future.
KEY AREAS OF FOCUS
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SpatialGPT.ai is heavily invested in the construction industry, leveraging AI-powered solutions to optimize workflows and improve operational efficiency. Their technology includes virtual reality walkthroughs for early design decisions, real-time progress tracking, automated reporting, and advanced data collection for risk mitigation and insurance claims. By focusing on large-scale construction projects, SpatialGPT aims to bring significant advancements to this critical economic sector.
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The company employs a suite of advanced technologies such as Microsoft Azure, OpenAI Service, Microsoft Copilot, and Apple Vision Pro. These tools facilitate seamless integration and development of Generative AI capabilities tailored to spatial challenges, supporting complex data processing and analysis needs across various industries.
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While initially targeting the construction sector, SpatialGPT.ai plans to extend its Generative AI solutions to architecture, interior design and retail. These sectors are also expected to benefit from enhanced spatial management and efficiency.
Terms of Offer:
SpatialGPT.ai is raising A$3M on a SAFE note to fund product development.
SAFE Noteholders will convert their investment to shares in the Company either on an exit event or the next Qualifying Financing at an offer price which is determined by reference to the lower of: (a) The Valuation Cap (AUD 18,000,000); or (b) a 20% discount to the valuation ascribed to the Company in the Qualifying Financing or exit event (as applicable)
The Investment will be made through VentureCrowd Pty Ltd, an equity crowd funding platform, or for larger investments, at the discretion of the Company, investors may invest directly with the Company. Investors will be required to create an account with VentureCrowd to make an investment and the investment will be held on behalf of investors through a unit trust established by VentureCrowd.
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SpatialGPT.ai is an innovative company that focuses on integrating Generative AI to revolutionise spatial environments across various sectors. The company’s primary mission is to enhance precision, minimise delays, and optimise costs, thereby driving industries toward a technologically advanced future.
Meet the Team
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Owen Brandt
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Rupert Walsh
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Jason Clark
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Karl Redenbach
News
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Neural Notes: Ex-Microsoft execs secure $5.1 million to blend AI with AR hardware
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AI in construction: Ex-Microsoft execs invest A$5.1m in start-up SpatialGPT
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SpatialAI raises $3.4M to advance AI in architecture and construction