3D scanning company Virtual Technology Simplified raises $2 million funding round
CRAINS Michigan Business - January 6, 2022
John Chwalibog, VTS CEO, Kelly Chwalibog, Director of HR, Mike Roth board member
SELECTED SUMMARY
Virtual Technology Simplified LLC, a Brighton company that offers 3D scanning of building interiors and exteriors, closed on a funding round of $2 million in July, money that founder and CEO John Chwalibog says was badly needed to continue funding "a hockey-stick growth curve."
Bloomfield Hills-based Vlasic & Roth LLC, an M&A and advisory firm located in Bloomfield Hills, organized the round.
VTS uses 3D-capture technology, often involving drones and lidar technology, to help companies do facility management of large buildings, conduct insurance appraisals and inspections and — a major focus — help telecom companies decide if there is enough room and infrastructure support on the roofs of buildings where they might want to place equipment.
Lidar, which stands for light detection and ranging, is a remote sensing method that uses light in the form of a pulsed laser to make measurements. A lidar instrument generally uses a laser, a scanner and a specialized GPS receiver.
VTS was founded in 2017, but it wasn't until 2019 that Chwalibog took the plunge and left the secure, high-paying corporate world for a life of full-time entrepreneurship. He had spent more than 20 years in management positions at several large corporations, focused most recently on companies and projects involving 3D modeling and laser scanning.
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About VTS: Virtual Technology Simplified unlocks virtual access with 3D and reality capture services across North America. VTS leadership combines 90+ years of cutting-edge technology experience with 3D, lidar and laser scanning. Digital twins and vertical data capture enable real better decisions for telecom, infrastructure, insurance, and utilities. 3D models and digital twins enable game changing advantages that streamline processes, reduce risk, and lead to significant cost savings.
