TestFit

Building prototyping software for real estate

Dallas, Texas, United States

About TestFit

TestFit provides a building prototyping solution for the real estate and construction technology market. Its software allows users, such as real estate developers, architects, and urban planners, to quickly create and assess various building configurations by inputting specific parameters. The software uses algorithms to generate optimized structures in seconds, which helps reduce the time and costs typically associated with traditional building design methods. TestFit differentiates itself from competitors by offering a subscription service that ensures clients have continuous access to updates and improvements, fostering a steady income stream for the company. The goal of TestFit is to streamline the building design process, making it more efficient and accessible for its users.

Dallas, TexasHeadquarters
2016Year Founded
$21.4MTotal Funding
SERIES_ACompany Stage
Industrial & Manufacturing, Enterprise Software, Real EstateIndustries
51-200Employees

Risks

Competition from companies like qbiq could challenge TestFit's market position.
Rapid generative design evolution requires TestFit to continuously innovate.
Reliance on subscription models could be risky during economic downturns.

Differentiation

TestFit's algorithms design building diagrams in milliseconds, revolutionizing real estate development.
The software combines user knowledge with algorithms for instant building configuration.
TestFit's subscription model ensures continuous updates and improvements for clients.

Upsides

AI-driven generative design tools are popular, enhancing efficient building designs.
TestFit's collaboration with Prologis showcases potential expansion into logistics sectors.
Recognition in industry awards boosts TestFit's credibility and visibility.

Funding

Total raised$21.40 M
Latest valuation$100.00 M
StageSERIES_A
SERIES A
6/30/2022
$20
$100.00 M
$2
$10.00 M