Drawer AI, an Austin, Texas-based AI-powered estimating system for electrical contractors, has secured $5 million in seed funding round. 

Investors 

The round was led by Brick & Mortar Ventures, with participation from Base 10 Partners. 

Brick & Mortar Ventures is an early-stage venture fund focused on the Built World. The firm invests in emerging companies developing innovative software and hardware solutions for the architecture, engineering, construction, and facilities management industries. Brick & Mortar Ventures is based in San Francisco, CA. 

Drawer AI Use of Funds 

The company will use the funds for product development, team expansion, and customer acquisition. 

About Drawer AI 

Founded in 2021 by Den Lavrik and Nick Latsis, Drawer AI delivers AI-powered preconstruction software specifically for the electrical trade. The platform leverages advanced machine learning technology to automate the estimating process. Their goal is to empower estimators and replace their long-outdated software with AI-powered solutions.  

Funding Details 

Company: Drawer AI 

Raised: $5.0M 

Round: Seed Round 

Funding Date: October 2024 

Lead Investor: Brick & Mortar Ventures 

Additional Investor: Base 10 Partners 

Company Website: https://drawer.ai/ 

Software Category: AI Preconstruction 

Source: https://drawer.ai/pressrelease/drawerai_secures_5mseed_led_by_brickmortar_ventures/