SWAPP, a Tel Aviv, Israel-based startup which has developed automation software for architectural construction documents, closed $11.5 million Series A funding, bringing its total raised to $18.5 million.
The round was led by Eurazeo and with participation from Entrée Capital, Activum SG Ventures, and XTX Ventures.
The startup’s AI-driven platform streamlines the creation and management of architectural construction documents, enabling architects to save time and resources while maintaining high-quality output.
"The product we developed at SWAPP tackles the unfairness I faced as an architect on a daily basis - the excessive amount of time spent on creating intricate plans, rather than concentrating on the design aspect, and the lack of compensation for the many hours I spent on each project," said Eitan Tsarfati, Co-founder and CEO of SWAPP. “Our main goal is to help our customers become more productive from the moment they start using our platform."
Company: BuildOS Ltd.
Raised: $11.5M
Round: Series A
Funding Month: May 2023
Lead Investors: Eurazeo
Additional Investors: Entrée Capital, Activum SG Ventures, and XTX Ventures
Company Website: https://www.swapp.ai/
Software Category: AI-Powered Construction Documents
About the Company: Founded by Eitan Tsarfati, Noam Gat, and Adi Shavit, Swapp specializes in developing solutions for the architecture, real estate, and construction markets. The company offers an efficient, advanced, and scalable service based on artificial intelligence and data-driven methodologies. Swapp’s platform enables real estate owners to upload their asset drawings and programmatic requirements for optimization using artificial intelligence and a variety of data sources. The company is headquartered in Tel Aviv, with offices in Houston.
Source: https://www.calcalistech.com/ctechnews/article/hkruplbs2