CONXAI, a Munich-based No Code AI Platform for the AEC industry, raised $3 million (£2.2m) in pre-seed funding.

The round was co-led by Earlybird and Pi Labs, other investors in the round include A/O PropTech and Argonautic Ventures.

The funding enables CONXAI to onboard new talents, scale adoption, and broaden the platform’s capabilities.

Company: Conxai Technologies GmbH

Raised: $3.0M

Round: Seed Round

Funding Month: January 2022

Lead Investors: Earlybird and Pi Labs

Additional Investors: A/O PropTech and Argonautic Ventures

Company Website: https://www.conxai.com/

Software Category: No Code AI Platform for the AEC industry

About the Company: Led by CEO Sharique Husain, CONXAI is founded on the premise that a big part of the productivity problem in the construction industry can be solved by adopting a more data-driven operations approach. CONXAI's No-Code AI Platform is the first for the AEC industry. The platform applies AI-based fusion of transactional, sensor, and historical project data and different forms of knowledge and analyses and interprets those to generate descriptive and prescriptive insights. CONXAI is building its platform with advanced 3rd generation Explainable AI (XAI) that uses transactional, sensor, historical project data, and different forms of knowledge to generate descriptive and prescriptive insights tackling multiple use cases within construction at once, without the need to handcraft a new point solution for each new use case. CONXAI will make it easier for the AEC industry stakeholders to integrate and contextualize different types & formats of project lifecycle data, and transform them into actionable & reusable knowledge to make more informed decisions faster. 

Source: https://www.businessleader.co.uk/contech-start-up-conxai-secures-3m-in-pre-seed-round/