AI Clearing, an Austin, Texas-based AI-powered autonomous construction progress tracking and quality control platform, raised $14 million in Series A funding.
SaaS Investors
The round was led by Prudence, with participation from FJ Labs as well as existing investors Tera Ventures, Inovo, and Innovation Nest.
AI Clearing Use of Funds
The company plans to use the funds to expand its sales and client success teams across the United States, Western Europe, and the Gulf region.
About AI Clearing
Founded in 2019, AI Clearing is an innovative AI company dedicated to transforming the construction industry through the power of artificial intelligence. The platform uses artificial intelligence (AI) to enable accurate real-time tracking of construction progress and quality, which is particularly challenging in large infrastructure projects. AI Clearing's technology automates the tracking process, comparing on-site progress to design specifications, budgets, and schedules, ensuring greater project control and accuracy. The platform is designed to address the pain points associated with manual tracking methods, such as insufficient coverage, budget overruns, delays, and disputes between project stakeholders.
Funding Details
Company: AI Clearinghouse Corp
Raised: $14.0M
Round: Series A
Funding Month: October 2023
Lead Investors: Prudence
Additional Investors: FJ Labs, Tera Ventures, Inovo, and Innovation Nest
Company Website: https://www.aiclearing.com/
Software Category: AI-powered Autonomous Construction Progress Tracking and Quality Control Platform
Source: https://www.businesswire.com/news/home/20231001516449/en/AI-Clearing-the-AI-powered-Progress-Tracking-and-Quality-Control-Platform-for-the-Construction-Industry-Announces-a-14mm-Series-A-Led-by-Prudence