Mercator AI a Real-time construction intelligence startup has raised a $1 million CAD pre-seed round
Standup Ventures led the round with participation from The51; Mallorie Brodie, CEO of the project management construction platform Bridgit (also a StandUp Ventures investments); Kerry Liu, an executive vice president at supply chain and planning company Kinaxis; and Critical Mass chair, Dianne Wilkins.
The fresh funds enabled Smith and Lee to go from part-time to full-time. The money will also enable Mercator to expand from its current markets of Calgary and Toronto into key markets across Canada and in the United States.
Company: Mercator AI Inc.
Raised: $1.0M
Round: Pre-seed Round
Funding Month: June 2022
Lead Investors: Standup Ventures
Additional Investors: The51; Mallorie Brodie, Kerry Liu, Critical Mass chair, Dianne Wilkins
Company Website: https://www.mercator.ai/
Software Category: Real-time construction intelligence
About the Company: Mercator uses AI to mine and analyze millions of data points across the construction process to identify indicators that signal early project development. Through partnerships with government entities, private data providers, and their own proprietary methods, they can track the activity on those projects through to completion. This enables customers to access early project opportunities, who’s involved, and historical trends. Mercator is used by Architecture, Engineering, Construction, Real Estate, and Manufacturing companies to inform strategic and tactical decision-making. Mercator's mission is to give business developers more time to do what they do best and support them with the insights they need to have informed and productive conversations. We mine and analyze millions of construction data points across the project lifecycle so that our customers can confidently find and qualify projects and partners faster.
Source: https://betakit.com/mercator-ai-raises-1-million-cad-to-fuel-north-american-expansion/