Modumate Raises $1.

5M Seed Funding to Automate Drafting for Architects

New startup aims to modernize how architects design buildings with a data-first approach that
enables time-saving automations and design insights.

San Francisco, CA, July 12, 2018 --(PR.com)-- Modumate, a provider of next-generation 3D design
software for architects, has raised $1.5 million from a combination of seed-stage investors and angel
investors, including 205 Capital, Launch Capital, RiverPark Ventures, and TeleSoft Capital. The raised
capital will be used for hiring, product development and marketing.

Modumate is delivering new software that allows architects to modernize their business processes to save
time, improve design and better serve their clients. The first major deliverable is an easy-to-use 3D design
environment that can automatically generate construction- and permit-ready drawings of a design. In a
typical design project today, drafting a drawing set (creating sheets, views, schedules and legends; adding
dimensions, callouts, tags and notes) represents 50% or more of time spent on a given project. Modumate
will perform those low-leverage tasks instantly, giving architects more time to focus on the client, better
design, additional value-add services, or realizing higher profit margins on the project.

“Architects have not seen the same productivity benefits from the dramatic advances in technology as
most other industries - in fact, no new primary design authorship software has been served to the
architecture community in nearly 20 years,” said Richman Neumann, Modumate's CEO. “As architects
design in Modumate, the designed objects include all of the data needed to automate many tasks,
beginning with drafting, to save architects time and improve quality.”

Modumate is accepting pre-orders now, will enter alpha and beta customer testing this fall, with the first
public production release scheduled for the end of 2018. The product will be sold as a monthly or annual
subscription license.

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Contact Information:
Modumate
Larry Neumann
650-995-3386
Contact via Email
www.modumate.com

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You can read the online version of this press release at: https://www.pr.com/press-release/759264

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