Buildots, a Tel Aviv, Israel, and London, UK-based construction management startup leveraging AI and computer vision, raised $60 million in Series C funding.
The round was led by Viola Growth and Eyal Ofer’s O.G Tech with participation from TLV Partners, Lightspeed Venture Partners, Future Energy Ventures, and Maor Investments.
The company intends to use the funds to expand its solution to support more workflows within construction teams.
Natalie Refuah, General Partner at Viola Growth, will be joining Buildots’ Board of Directors.
Company: Buildots Ltd.
Raised: $60.0M
Round: Series C
Funding Month: May 2022
Lead Investors: Viola Growth and Eyal Ofer’s O.G Tech
Additional Investors: TLV Partners, Lightspeed Venture Partners, Future Energy Ventures, and Maor Investments
Company Website: https://buildots.com/
Software Category: Construction Management
About the Company: Led by CEO Roy Danon, Buildots leverages AI and computer vision to provide a construction management platform. It uses hardhat-mounted cameras to capture imaging of every detail of an ongoing project during regular site walks. The data is then analyzed using AI models to transform random visual data into actionable insights that are correlated with the project’s designs and schedule. Buildots now provides monthly progress reports that validate subcontractor payment applications within seconds, improving transparency and increasing collaboration in the industry.
Source: https://www.finsmes.com/2022/05/buildots-raises-60-million-in-series-c-funding.html