Trunk Tools, a NYC-based provider of an AI Platform for the construction industry, raised $20M in Series A funding.
The round was led by Redpoint Ventures with participation from Innovation Endeavors.
The company intends to use the funds to expand operations and its development efforts.
Led by Sarah Buchner, Founder and CEO, Trunk Tools leverages AI technology to build the “brain” behind construction. By structuring millions of pieces of unstructured project data and deploying AI agents that augment construction professionals in their administrative workflows, it ensures critical information is available to people, automating the tasks that have historically weighed on industry productivity and profitability.
With today’s announcement, Trunk Tools is also introducing the Trunk Tools Schedule Agent, a fully autonomous AI-powered agent tailored to the construction industry. The agent offers a dynamic link between scheduled activities and all essential supporting documentation to build on time, on budget and according to plan. This advanced agent builds upon Trunk Tools’ existing proprietary AI platform, which is already used by many of the largest general contractors and several Fortune 500 companies, to help construction teams stay on schedule by becoming more proactive on the jobsite without any additional effort by sensing project issues, surfacing insights and taking action.
The agent integrates with schedule files, independently monitoring upcoming tasks to provide timely notifications to notify project managers, superintendents, and project engineers about open tasks, discrepancies or logistical problems.
FinSMEs
20/08/2024