Document Crunch, an Atlanta, GA-based AI-powered document intelligence and compliance solutions provider, has raised $21.5M in Series B funding.
Investors
The round was led by Titanium Ventures, with participation from Nemetschek Group and major construction companies, including Andres Construction and Satterfield & Pontikes. Existing investors such as Navitas Capital and Fifth Wall also participated.
Titanium Ventures is a venture capital firm managing $1 billion aum, backing 99 portfolio companies with achievements that include 12 IPOs and 17 unicorns. The firm focuses on investing in AI, digital, and software sectors.
Yash Patel of Titanium Ventures will join Document Crunch’s Board of Directors.
Document Crunch's Use of Funds
With the new funding, Document Crunch aims to enhance its platform’s ability to mitigate risks in contracts and project workflows.
About Document Crunch
Document Crunch provides a document compliance platform for the construction industry. Leveraging proprietary AI and machine learning, it simplifies construction documents by quickly identifying critical risks and providing guidance so teams can make informed decisions throughout the project lifecycle. Its mission is to empower everyone in the construction industry to understand what’s in their contracts. Some of the prominent customers and advisors using the platform include Balfour Beatty, The Boldt Company, Haskell, and PCL Construction.
Funding Details
Company: Document Crunch, Inc.
Raised: $21.5M
Round: Series B
Funding Date: October 2024
Lead Investor: Titanium Ventures
Additional Investors: Nemetschek Group, Andres Construction, Satterfield & Pontikes, Navitas Capital, Fifth Wall
Company Website: https://www.documentcrunch.com/
Software Category: Document Intelligence and Compliance Solutions
Source: https://www.businesswire.com/news/home/20241010294924/en/