Infurnia Technologies, an architecture and interior design software company, has secured $1 million in funding from a group of angel investors led by Yogesh Chaudhary, owner of Jaipur Rugs, and Bhupinder Singh, former CPO of Bentley Systems, the world’s leading infrastructure design software company. The funding round also saw participation from existing angel investors as well as new business owners, including singer Jasleen Royal and celebrity management firm Cornerstone, founded by Bunty Sajdeh.
This latest funding round brings Infurnia Technologies’ total angel investment to $2.5 million, with a previous funding round in the previous year having raised $800,000.
Commenting on the funding, Nikhil Kumar, CEO of Infurnia, said “We have built a rock solid technology base for modern architecture design software over the last 8 years. The cloud-native design technology is powerful enough to scale up to disrupt the $50 billion american design software giant Autodesk. This funding will enable continued technology development to dominate the cloud-native architecture and interior design software market and make inroads in the global market whilst strengthening our presence in the local market. With this fresh round of funding, we also look at gaining insights and business perspectives from industry veterans such as Yogesh Chaudhary & Bhupinder Singh.”
Infurnia also announced the formation of an advisory committee comprising Yogesh Chaudhary, Bhupinder Singh and Pallav Nadhani. “Yogesh brings in business expertise of running a large profitable business from India, selling across the world, along with access to a massive designer network across the world. Bhupinder brings in design software product expertise along with high value business network. He is the subject matter super expert, having built a billion dollar in revenue design software organization over the last 30 years. Pallav brings in SaaS expertise. He has founded, grown, exited, invested and mentored a score of SaaS startups from India.” That is the cumulative power of our advisory board. It couldn’t have been better!” added Nikhil Kumar.
“One of the main reasons to back Infurnia was their strong technology. Their offering has the potential to scale across geographies, and bring a large change to the tech ecosystem of the AEC industry. I look forward to working with Infurnia closely to reach new markets and increase the business figures in the coming few quarters” – said Bhupinder Singh on the funding.
