Wyre AI Raises $5M Seed

Wyre AI, a Washington, DC-based construction technology startup, has raised $5 million in seed funding. The company provides an AI-powered document intelligence platform designed to automate preconstruction tasks by analyzing drawings and specifications to generate structured project scopes and identify potential risks.

Investors

The funding round was led by Ironspring Ventures. Additional participants included WND Ventures, the corporate venture arm of DPR Construction, and the Virginia Innovation Partnership Corporation (VIPC). The round also featured angel investments from construction industry veterans, including former Autodesk CEO Amar Hanspal, Egnyte Co-founder Rajesh Ram, and MCN Build Vice President of Preconstruction Joseph Khoury.

Wyre AI Use of Funds

Wyre AI plans to utilize the new capital to accelerate research and development of its platform and to expand its go-to-market team to support growing demand from general contractors, subcontractors, and construction managers.

About Wyre AI

Founded by Sunil Dorairajan, who previously co-founded Pype before its acquisition by Autodesk, Wyre AI provides AI-powered tools for preconstruction scope development and risk management. The platform helps construction teams identify scope gaps and document conflicts earlier, enabling faster bidding and better protection of project margins.

Funding Details

Company Website: https://wyreai.io

Company: Wyre AI
Raised: $5M
Round: Seed
Funding Date: September 10, 2026
Lead Investor: Ironspring Ventures
Additional Investors: WND Ventures, Virginia Innovation Partnership Corporation, Amar Hanspal, Rajesh Ram, Joseph Khoury
Software Category: Construction Tech
Source: https://www.einpresswire.com/article/940604297/construction-tech-startup-wyre-ai-raises-5m-seed-round-led-by-ironspring-ventures-to-power-the-future-of-preconstruction-risk-management