Disperse, a London, UK-based provider of AI-powered construction transformation systems, raised $15m in Series A funding.
The round was led by Northzone.
The company intends to use the funds to accelerate expansion into the US market, and product R&D in conjunction with select customers.
Founded in 2015 out of a London School of Economics entrepreneurship incubator by Felix Neufeld, CEO, Disperse provides AI-powered construction transformation solutions for business leaders to enable their organizations to become integrated, dynamic and effective. The company’s solutions capture and process visual data from physical sites and deliver actionable insights, freeing project teams from repetitive administrative tasks and providing management with the resources and digital capabilities to improve the way their companies operate.
Disperse integrates construction schedules, 2D drawings, 3D models and visual snapshots from a construction site and processes them with proprietary AI to create an interactive digital twin, complete with analytical capability. The system quantifies progress, highlights bottlenecks and flags early warning signs of potential issues, allowing for improved delivery and standardization of best practices across the full organization.
The technology is now deployed across more than 14 million square feet of construction in the UK and the US.
FinSMEs
22/10/2019