Vancouver, Washington-Based Digs Extends Seed Round with Additional $7 Million
Digs, a collaboration platform that provides homebuilders, vendors and eventually homeowners with something akin to a digital twin of a home, has announced the extension of its seed round from 2023 with another $7 million. This new round was led by the Oregon Venture Fund (OVF) and Legacy Capital Ventures, with existing investors like Fuse, Flying Fish, Betaworks, and PSF following on from their previous investment.
The Importance of Digs’ Digital Twin
Digs’ digital twin is a modern real-time collaboration platform and document storage service that uses AI and computer vision to help builders, vendors, and homeowners better understand documents. This approach is a departure from the company’s previous venture, Streem, which aimed to create digital twins of homes using nothing but phone cameras.
Key Takeaways
- Digs has secured an additional $7 million in funding to support its growth and expansion.
- The new round was led by OVF and Legacy Capital Ventures, with existing investors also participating.
- The company is now out of beta and available in the U.S. and Canada.
A Strong Team Behind Digs
Digs has recently hired Jef Holove as its chief operating officer. Holove brings a wealth of experience to the role, having previously served as the CEO of Drop, a marketplace known for its keyboard and audiophile selections. He was also the COO of Streem and the CEO of Basis, which Intel acquired in 2014.
The Future of Digs
With its expanded team and additional funding, Digs is well-positioned to continue growing and expanding its offerings. The company’s digital twin platform has the potential to revolutionize the way we build and own homes, making it easier for builders, vendors, and homeowners to collaborate and manage projects.
What’s Next for Digs
As Digs continues to grow and expand, it will be interesting to see how the company evolves its offerings and addresses the needs of its users. With a strong team in place and additional funding secured, Digs is poised to make a significant impact in the homebuilding industry.
The Rise of Digital Twins
Digital twins are becoming increasingly popular across various industries, from construction to manufacturing. These virtual replicas of physical assets offer a range of benefits, including improved collaboration, reduced costs, and increased efficiency.
The Benefits of Digital Twins
- Improved collaboration: Digital twins enable multiple stakeholders to work together in real-time, reducing errors and increasing productivity.
- Reduced costs: By simulating different scenarios and predicting outcomes, digital twins can help reduce costs associated with construction projects.
- Increased efficiency: Digital twins allow for faster decision-making and improved resource allocation, leading to increased efficiency.
The Future of Digital Twins
As technology continues to evolve, we can expect to see even more innovative applications of digital twins across various industries. With its expanded team and additional funding, Digs is well-positioned to continue pushing the boundaries of what’s possible with digital twins in the homebuilding industry.
Digs’ Impact on the Homebuilding Industry
Digs has the potential to revolutionize the way we build and own homes. By providing a modern real-time collaboration platform and document storage service, Digs is making it easier for builders, vendors, and homeowners to collaborate and manage projects.
The Benefits of Digs
- Improved collaboration: Digs enables multiple stakeholders to work together in real-time, reducing errors and increasing productivity.
- Reduced costs: By streamlining the construction process, Digs can help reduce costs associated with building projects.
- Increased efficiency: Digs allows for faster decision-making and improved resource allocation, leading to increased efficiency.
The Future of Homebuilding
As Digs continues to grow and expand its offerings, we can expect to see even more innovative applications of digital twins in the homebuilding industry. With its expanded team and additional funding, Digs is well-positioned to continue pushing the boundaries of what’s possible with digital twins.
Conclusion
Digs has announced the extension of its seed round from 2023 with another $7 million. This new round was led by OVF and Legacy Capital Ventures, with existing investors also participating. With a strong team in place and additional funding secured, Digs is poised to make a significant impact in the homebuilding industry.
Key Takeaways
- Digs has secured an additional $7 million in funding to support its growth and expansion.
- The new round was led by OVF and Legacy Capital Ventures, with existing investors also participating.
- The company is now out of beta and available in the U.S. and Canada.
What’s Next for Digs
As Digs continues to grow and expand its offerings, it will be interesting to see how the company evolves its digital twin platform and addresses the needs of its users. With a strong team in place and additional funding secured, Digs is well-positioned to continue pushing the boundaries of what’s possible with digital twins in the homebuilding industry.
The Future of Digital Twins
As technology continues to evolve, we can expect to see even more innovative applications of digital twins across various industries. With its expanded team and additional funding, Digs is poised to be a leader in this field.
Final Thoughts
Digs has the potential to revolutionize the way we build and own homes. By providing a modern real-time collaboration platform and document storage service, Digs is making it easier for builders, vendors, and homeowners to collaborate and manage projects. With its expanded team and additional funding secured, Digs is well-positioned to continue pushing the boundaries of what’s possible with digital twins.