Drone startup Reconstruct raises $850K

Chicago Inno (Sept. 6) -- Born out of the University of Illinois, Reconstruct uses drones to create 3D modeling for construction management. The startup, which raised $850,000 in the latest funding round, uses aerial drones to take video and images of construction sites to provide construction progress monitoring. Reconstruct's technology was used in the construction of the new $500 million arena for the NBA's Sacramento Kings. The funding round was led by Serra Ventures, with participation from Grand Angels Venture Fund, Illinois Ventures and Harbor Street Ventures.