Buildots, a Santa Clara, CA-based AI construction software company, raised $15M in funding.
The round was led by Intel Capital with participation from OG Tech Partners and previous investors. In conjunction with the financing, Lisa Cohen, Investment Director at Intel Capital, will join as a board observer.
The company intends to use the funds to expand operations and its development efforts.
Founded by Aviv Leibovici, Yakir Sudry and Roy Danon, Buildots is a construction technology company using AI and computer vision to automate on-site progress tracking. The platform provides construction teams with data and previously unavailable predictive performance metrics, empowering them to make data-driven decisions. It improves project visibility and efficiency, leading to reduced delays, enhanced error detection, and successful delivery of projects.
Buildots is helping increase efficiencies of large-scale construction projects across North America, the UK and EMEA.
Commenting on the news, Roy Danon said: “Over the past five years, Buildots has been at the forefront of integrating AI-powered progress tracking and advanced analytics software into this multi-trillion dollar industry, driving a transformative shift towards performance-driven construction management. We are proud to work with Intel Capital to propel large-scale construction into a more efficient and controlled future, taking out the guesswork and providing decision-makers with comprehensive and precise oversight.”
FinSMEs
11/07/2024