ConeLabs Raises $1.5M Pre-seed
ConeLabs, a Waterloo-based startup that provides an infrastructure inspection platform, has successfully raised $1.5 million in a pre-seed round. The company focuses on digitizing the manual and paper-heavy processes typically used for inspecting public infrastructure assets like bridges, roads, and waterways.
The funding round was led by Spatial Capital. Additional participating investors include Techstars, the Ontario Centre of Innovation, The Ricketts Family Trust, Team Ignite Ventures, Navis Capital, and Exitfund.
The company intends to utilize this new capital to accelerate its sales growth and expand its market reach.
Founded in 2023 and based in Waterloo, ConeLabs has developed a platform that transforms field imagery into inspection-grade 3D models. The technology automatically identifies defects and generates structured reports to help engineering firms and public agencies modernize maintenance decisions.
Funding Details
Company Website: https://conelabs.ai
Company: ConeLabs
Raised: $1.5M
Round: Pre-seed
Funding Date: June 1, 2026
Lead Investor: Spatial Capital
Additional Investors: Techstars, Ontario Centre of Innovation, The Ricketts Family Trust, Team Ignite Ventures, Navis Capital, Exitfund
Company Website: conelabs.ai
Software Category: Infrastructure Software