BuildAi, an AI-driven construction management platform, secured $1.9 million in a seed funding round.
Some high-profile construction participants and investors include Marr Contracting, Total Constructions, Galileo Ventures, Markus Preston (CEO of The Preston Group), Angus Kennard (Kennards Hire), Stuart Ford (Ex MD Ford Civil), and several other angel investors who contributed to the round.
With the latest capital raising, BuildAi will focus on its ability to help project managers better understand site resourcing and timeframes. The company says it can enable real-time modeling of factors from the rostering of tradespeople and deliveries to the coordination of supply chains and equipment.
Company: BuildAi
Raised: $1.9M
Round: Seed Round
Funding Month: October 2021
Lead Investors:
Additional Investors: Marr Contracting, Total Constructions, Galileo Ventures, Markus Preston (CEO of The Preston Group), Angus Kennard (Kennards Hire), Stuart Ford (Ex MD Ford Civil), and several other angel investors
Company Website: https://www.buildai.construction/
Software Category: AI-driven construction management platform
About the Company: BuildAI uses advanced AI technology to improve construction efficiency. BuildAI combines years of AI computer vision research & development with decades of experience in construction and commercial environments. Its core technology was developed by leading Australian universities and is now commercialized by a team of highly experienced data scientists and computer vision experts. BuildAi is a construction technology start-up formed in 2018 and headquartered in North Sydney.
Source: https://itbrief.co.nz/story/ai-driven-construction-management-platform-buildai-secures-1-9-million-in-seed-funding