ConeLabs, a Waterloo-based infrastructure technology startup, has raised $1.5 million in a pre-seed funding round aimed at modernizing how bridges, roads, and waterways are inspected and maintained.
The round was led by Spatial Capital, with participation from Techstars, the Ontario Centre of Innovation, The Ricketts Family Trust, Team Ignite Ventures, Navis Capital, and Exitfund. The company participated in the Techstars accelerator program in 2023.
ConeLabs is building a digital infrastructure inspection platform that converts field imagery into detailed 3D models, automatically detects structural defects, and generates structured engineering reports. The system is designed to replace traditional inspection methods that rely heavily on manual site visits, paper-based documentation, and inconsistent data collection.
The company’s platform is used by engineering firms and public agencies to improve inspection speed, reduce manual workload, and standardize asset condition data used for maintenance decisions.
According to the company, the new capital will primarily be used to expand sales efforts and scale its presence in infrastructure markets.
Founder and CEO Albert Mansour said the goal is to replace outdated inspection workflows with faster, more data-driven processes, helping infrastructure owners make more informed decisions about critical public assets.
The funding reflects growing investor interest in AI-powered infrastructure tools, particularly in sectors where legacy inspection processes are slow, costly, and increasingly strained by aging public assets and rising maintenance demands.
