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Canvas raises $10M to make architectural-grade 3D CAD & BIM models easy for construction and design professionals

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Series A funding round led by Trilogy Equity Partners & Foundry Group to accelerate AI-driven conversion of mobile LiDAR scans into design-ready, detailed 3D models.

DENVER, Jan. 29, 2025 /PRNewswire/ — Canvas, the leader in 3D measurement and modeling solutions for residential and light commercial spaces, today announced a $10M Series A funding round led by Trilogy Equity Partners & Foundry Group, with participation from Acquired Wisdom Fund, GC&H Investments, and Frontier VC. The funding will accelerate Canvas’s efforts to solve the complex challenge of turning mobile 3D scans into precise, design-ready models tailored for construction and remodeling workflows.

Canvas solves a critical challenge: turning raw 3D scans into reliable, construction-grade models quickly and affordably.

With over 15 years of experience and 20+ patents in 3D sensing and computer vision, Canvas’s AI-powered solutions help over 12,000 design and construction professionals save countless hours by eliminating manual measuring and as-built modeling. Instead, customers use an iPhone or iPad to scan interior spaces in minutes, receive an instant 3D digital twin, and Canvas converts the scan into the CAD/BIM format of their choice. This dramatically reduces errors, and the need for labor-intensive modeling – allowing professionals to focus on their craft.

“Canvas is solving a critical challenge in the design and construction industry: turning raw 3D scans into reliable, construction-grade models quickly and affordably,” said Canvas CEO Sarah Bird. “Our technology makes this process simple and accessible, enabling professionals to focus on what they do best. This investment is a powerful endorsement of our ambitious mission to create a digital twin of every interior, transform it into structured data and power the full lifecycle of each property.”

“We’re at a pivotal moment in 3D modeling, driven by AI and the growing accessibility of LiDAR in mobile devices. Canvas is uniquely positioned to deliver an end-to-end solution that turns the real world into structured data for digital workflows,” said Yuval Neeman of Trilogy Equity Partners. “Canvas is starting with the massive residential and light commercial markets, providing affordable solutions for professionals at all levels. The potential for future applications is enormous.”

With this investment, Canvas will recruit the world’s best researchers and engineers to push the boundaries of our proprietary AI-driven spatial data processing technology and reality capture. The company is also scaling its go-to-market team to bring Canvas’s groundbreaking solutions to design and construction professionals around the globe – unlocking new possibilities and transforming the way the industry works. Learn more at canvas.io or by following Canvas on Facebook, Instagram and LinkedIn: @ScannedWithCanvas.

About Canvas
Canvas is the leading 3D measurement and modeling technology solution for architecture, interior design and construction professionals. With 110+ million square feet modeled, Canvas uses the latest advancements in AI and mobile-device LiDAR technology to make property reality capture and analysis accessible for all – saving customers from hours of field measuring and as-built modeling. Learn more at canvas.io.

About Trilogy Equity Partners
Formed in 2006, Trilogy Equity Partners (https://trilogyequity.com/) is an early-stage venture capital firm based in Bellevue, Washington. Trilogy is your hardest working partner, backing ambitious founders from Seed to Scale. Trilogy leads early-stage rounds for enterprise and consumer software startups that are building in the areas of SaaS and applications as well as cloud native infrastructures and tooling for data and AI products, and takes a hands-on approach to helping entrepreneurs build extraordinary businesses over time. The firm’s roots include entrepreneurs and leaders of multinational, category-defining technology businesses.

Media:
press@canvas.io

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SOURCE Canvas

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2026 Canton Fair Design Award Winners Showcase China’s Innovation Strength

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GUANGZHOU, China, Oct. 19, 2026 /PRNewswire/ — As the 140th Canton Fair opens, the winners of the 2026 Canton Fair Design Award (CF Award) have also been announced. Winning products are now on display in Area D of the Canton Fair Complex, offering visitors a closer look at some of the latest advances in Chinese manufacturing and industrial design.

Among this year’s top honorees, a domestically developed high-performance sport motorcycle and an intelligent navigation capsule robot gastric endoscopy system received the Best of the Best Award, the competition’s highest recognition.

The Canton Fair also enhanced the visitor experience with a themed showcase area within the award exhibition. Built around four application-oriented concepts, namely Outdoor Pleasure, Smart Living, Cozy Home and Kitchen Elegance, the immersive displays demonstrate how innovative designs can be integrated into everyday life, helping visitors better understand the practical value behind these award-winning products.

This year, 4,218 products from 2,112 companies competed for the award. Following multiple rounds of evaluation, 222 products from 174 companies were selected.

The award-winning products reflect several key trends shaping the next stage of Chinese manufacturing. Innovation remains a defining theme, with breakthrough technologies ranging from upper limb motor function assistance and enhancement system to exoskeleton robots, underscoring the growing momentum of high-end manufacturing.

Meanwhile, intelligent technologies continue to gain traction across industries. Smart products account for more than 30% of this year’s winners, with AI-powered glasses, intelligent conference terminals and smart healthcare devices extending AI applications across home, office, medical and outdoor environments.

Sustainability is also becoming increasingly embedded throughout the product lifecycle. Green products represent over 40% of the winning entries, while innovations such as integrated energy-saving panels and sugarcane paper demonstrate how environmentally conscious practices are being incorporated into product design, materials selection and manufacturing processes.

Established in 2013, the Canton Fair Design Award is widely regarded as a benchmark for design innovation in China’s foreign trade sector. The award recognizes products that combine design excellence with commercial value, promoting the transformation and upgrading of Chinese manufacturing and supporting high-quality trade development. Entries are evaluated across five dimensions: innovation, quality, functionality, aesthetics and sustainability.

For more convenient attendance, please click here for pre-registration:
https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/2026-canton-fair-design-award-winners-showcase-chinas-innovation-strength-302911954.html

SOURCE Canton Fair

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InstaMall Launches Same-Day Fashion Delivery Experience, Bringing 80+ Brands to Shoppers’ Doors in Miami

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First-of-its-kind shopping app pairs artificial intelligence with same-day delivery, bringing luxury
and contemporary brands directly to customers’ doorsteps 

Featured luxury and contemporary brands include AllSaints, John Varvatos and Aritzia

MIAMI, Oct. 19, 2026 /PRNewswire/ — InstaMall, a first-of-its-kind shopping app offering same-day delivery and access to real-time inventory across luxury and contemporary fashion, launches today in Miami, Florida. Now available via iOS and Android, InstaMall provides access to more than 80 contemporary and luxury fashion brands across Miami’s five premier retail clusters, including Balmain, Louis Vuitton, Bottega Veneta, Ganni, Coach, Diesel, Reformation, Aritzia, Cult Gaia, Prada and more. InstaMall will add more brands within the app in the coming weeks and seasons. 

Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together through a more dynamic way to discover and shop for fashion. The experience combines access to luxury and contemporary brands with the convenience of same-day delivery, bringing the speed customers have come to expect across categories like food and groceries to fashion while maintaining the brand experience retailers and shoppers expect.

Within the app, customers will have access to InstaMall’s AI-powered stylist and virtual try-on features, making it easier to browse, discover and shop styles online. InstaMall’s AI Stylist serves as an intelligent shopping assistant that responds to customers’ preferences in real time. Customers can use the AI Stylist to receive product recommendations, build outfits, ask questions and discover new styles, while its virtual try-on feature allows them to visualize select items on themselves before making a purchase.

“InstaMall was founded on the belief that the convenience customers have come to expect from same-day delivery should extend to the way they shop for fashion,” said Elliot Aboud, Founder and CEO of InstaMall. “As fashion and technology continue to evolve together, we saw an opportunity to create a more seamless shopping experience that brings customers closer to the brands they love, combining a curated assortment, AI-powered styling and virtual try-on with the ease and convenience of same-day delivery.”

Prior to founding InstaMall, Elliot Aboud helped build the Aroma360 and Hotel Collection brands, overseeing the launch of the first retail store and expanding the retail footprint to more than 30 stores across the United States and two in Dubai. InstaMall is bringing fashion and luxury to the next generation with its seamless shopping experience and wide selection of brands.

Customers can download InstaMall through the Apple App Store or Google Play, or by going to instamall.co.

About InstaMall 

InstaMall is a same-day fashion shopping and discovery app reimagining how consumers shop for luxury and contemporary brands. Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together in an experience that gives consumers a more dynamic way to discover and shop. Where on-demand delivery has long existed for categories like food and groceries, InstaMall brings that same convenience to luxury fashion for the first time, delivering the same day without compromising the brand experience fashion retailers and their customers expect. The company launched publicly in Miami on October 16, 2026, and plans to expand nationally. For more information, please visit instamall.co.

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SOURCE InstaMall

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PTC to Announce Fourth Fiscal Quarter and Full Year 2026 Results on Wednesday, November 4, 2026

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BOSTON, Oct. 19, 2026 /PRNewswire/ — PTC (NASDAQ: PTC) will release its fiscal 2026 fourth quarter and full year results on Wednesday, November 4th after the stock market closes. As previously announced on October 5th, 2026, PTC entered into a definitive agreement to be acquired by Schneider Electric. In light of the pending transaction, PTC is suspending quarterly earnings conference calls and is no longer providing quarterly or annual guidance.

The earnings press release and accompanying financial data tables will be accessible on the Investor Relations section of the company’s website at PTC Investor Relations.

About

PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.

Investors

Michael Maguire
mmaguire@ptc.com
investor@ptc.com

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SOURCE PTC Inc.

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