Provision, a Toronto, Canada-based company building an AI co-pilot for construction estimators, has raised $7 million in Seed funding.
Investors
The round was led by Cercano Management, with participation from Y Combinator, One Way Ventures, and other angel investors.
Cercano Management is a privately held global investment management firm based in Bellevue, Washington. The firm specializes in providing investment advisory and related services to ultra-high-net-worth individuals, their families, family foundations, and charitable organizations.
Provision Use of Funds
The company will use the funds to accelerate product development, including the launch of new tools such as Scope Agent, and to enhance core estimating workflows for contractors.
About Provision
Founded in 2022 by Luigi La Corte and Brendan Ardagh, Provision is an AI technology company that builds tools for pre-construction professionals. The company provides an AI-powered platform designed to assist construction estimators in producing accurate project cost estimates from complex documents. It helps construction professionals find information within their documents, identify risks, opportunities, scope gaps, and more. Headquartered in Toronto, Canada, Provision serves major construction firms such as Ferrovial, EllisDon, PCL, Bird Construction, Acciona, and Colas.
Funding Details
Company: Provision
Raised: $7.0M
Round: Seed
Funding Date: October 2025
Lead Investor: Cercano Management
Additional Investors: Y Combinator, One Way Ventures, Ryan Sutton-Gee, Nicholas Pilkington
Company Website: https://www.provision.com/
Software Category: Construction / AI / Estimation / Pre-Construction Tech
Source: https://www.provision.com/annoucements/provision-announces-7m-seed-led-by-cercano-management