Pointivo nets $7 million, plus more funding news for Atlanta software companies

Atlanta's software industry is pulling in new investment, with four local companies raising money. New funding rounds were recently announced by software startups Pointivo, ThingTech and SmartPath Financial Wellness, according to company database Crunchbase.

Pointivo topped the city's recent funding headlines by announcing a $7 million Series A round on February 19, financed by BIP Capital.

According to its Crunchbase profile, "Pointivo offers technology that enables users to use any camera to capture the dimensions of a structure and model the structure in 3D. The company was launched by Habib Fathi, Blake Patton, and Dan Ciprari in June 2014 and is based in Atlanta, Georgia."

The five-year-old startup has raised four previous seed funding rounds.

Next up, ThingTech raised $4 million in Series A funding, in a round announced on January 23 and also led by BIP Capital.

According to Crunchbase, "ThingTech provides owners of fleets, high value equipment and assets on-demand access to where, when and how these assets are behaving as well real-time alerts so that they can make informed business decisions. Its award-winning ThingX platform enables a range of equipment, asset, fleet and field service management solutions that help organizations increase operational efficiency and reduce costs thereby increasing profitability."

The company also raised a $1.8 million seed round in 2018.

Meanwhile, SmartPath Financial Wellness raised $2.7 million in Series A funding, announced on February 7. The round's investors were led by PJC.

From the company's Crunchbase profile, "Over 70% of families live paycheck to paycheck. SmartPath aims to solving that through financial wellness programs, objective education and coaching for main street. SmartPath offers comprehensive financial wellness programs to employers."

SmartPath Financial Wellness last raised $120,000 in seed funding in 2016.

Overall, Atlanta-based software companies have raised $14 million in venture funding over the past month, and $802 million over the past year.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.