This audio is automatically generated. Do us know if you have comments.
Amid challenges of the construction industry Fed by rates, scarcity of work and regulatory uncertaintyThe solutions contained in these sore areas saw successful funding rounds. In particular, a startup broke $ 1 million in total valuation, making it a so-called Unicorn in abandoning risk funding.
Here is a breakdown of the six companies and how its technology is applied to construction.
Buildings
$ 127 million
Santa Monica, the California Project Management Software Developer, raised $ 127 million in a C -Series funding round, led by Meritech Capital Partners, According to a statement of March 21. With the round, the company entered a unicorn state, as it reached a million dollars in total valuation.
According to the firm, the Buildops platform unifies programming, office, project management and financial reports on a cloud -based platform. The company demands its real -time data capabilities and predictive analytics help technicians and administrators to work more efficiently, reduce general expenses and increase revenue opportunities.
Investment will be used to expand product capabilities, improve customer assistance and scale operations to meet increasing demand, according to launch.
Stratus
32 million dollars
LLIKSPUR, Stratus based on Colorado, which acts as a cloud -based software that helps mechanical, electrical and plumbing subcontractors with their manufacturing workflows, Received $ 32 million In a round of funding for series B, according to a statement from January 17. The Radian Capital Capital of Capital of Growth Capital brought the investment.
With Stratus, contractors can move to a digital platform to plan, program, manage, monitor and install the manufacture, according to the statement. It has real -time performance metrics in builders’ operations and projects. Its platform is integrated with standard industry design tools such as Autodesk’s Revit and Autocad, ensuring that contractors can take advantage of their existing software investments.
With the funds, Stratus will continue the course and will continue to provide new solutions, according to the company.
Lumber
$ 15.5 million
The Artificial Construction Management Management Management Platform proposed Series A of $ 15.5 million Financing round led by the Capital Foundation Risk Firm, with the participation of the Royal Corporation Tishman Speyer, the startup announced on March 25.
Lumber -based in San Jose, California, creates a platform that offers intelligent programming, automated compliance control and adaptive payroll processing that he can expertly manage the complex union regulations.
Financing will feed the development of lumber products and market expansion, focused on improving their AI capabilities and climbing its customer success operations, according to launch.
Increases
10 million dollars
The developer of the Toronto Autonomous Design Platform, increased, obtained a Additional $ 10 million in seed financing Directed by Prelude Ventures, according to a statement of March 12 of the firm. The round brings the total increase to $ 25.6 million.
The AI AI platform automates complex electric design processes, which the company claims that it can eliminate the risk of errors, reduce re -elaboration and optimize designs for sustainability and profitability. Users may specify devices and panels, establish blockages and establish behavioral execution programs, on the increase website.
Cash will be used to expand the capabilities of the design system of the electricity system of increase, accelerate the development of its mechanical and plumbing agents and create their sales and support organizations.
Receipt
5.3 million dollars
Kaya Ai, an intelligence platform of the Columbus -based building supply chain, Ohio, launched out of theft with 5.3 million dollars in pre-corner financing Directed by investment companies 53 stations and Soma Capital, together with Suffolk Technologies, the Risk Arm of Suffolk Construction, according to a statement from January 22.
Kaya’s Owner AI technology simplifies hiring monitoring and automates routine work flows, according to launch. The platform provides real -time time tracking, which helps equipment to avoid delays proactively and to ensure that critical components are delivered to the program.
Tray
4.5 million dollars
The New York construction payroll platform, TrayD, announced a $ 4.5 million raised capital raised by Suffolk Technologies, the firm. announced on February 4.
The TrayD platform automates tedious daily tasks, such as employees, capture field time cards and payment rates, while centralizing the key data of the project and labor, according to launch. The Back-Office platform all-in-one offers payroll tools, programming, field monitoring, human resources and accounting.
The new funding will feed product development, team expansion and climbing efforts to meet market demand, according to the statement.
