Colorado-based procurement giant Hensel Phelps says it will deploy AI-powered progress tracking on more than 200 active projects to reduce labor time spent on information management.
Thai Nguyen, death of Hensel PhelpsRector of Innovation, announced March 10 that the company extended an existing business deal with a Bay Area startup Track3Dusing its construction management platform that uses machine learning and AI to provide real-time project status updates between owners, contractors and business partners via a shared visual feed.
According to Nguyen, the platform helped Hensel Phelps save $342,000 and nearly 3,000 man-hours on the recently completed Courtyard 3 Connector project at San Francisco International Airport, a project the company said had “zero margin” for error.
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“Expanding it to our portfolio was an easy decision,” he said Nguyen. “With each successful project, he consistently reassured us that a true partnership was growing, a diverse project portfolio was being supported, and a powerful solution could scale with our needs.”
According to Track3D, key benefits of the platform include enabling teams to spot risks “before they become reworks,” while eliminating back-and-forth decision making so project stakeholders can spend less time managing information.
The startup secured $10 million in Series A funding last year from venture capital firms Ironspring Ventures and Zacua Ventures, following $4.3 million raised from Shadow Ventures and Monta Vista Capital in 2024, bringing the company’s total funding to $14.3 million since its 2022 founding.
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“This enterprise agreement establishes a new baseline of project certainty and efficiency,” he said Co-founder and CEO of Track3D Chaitanya NK. “By integrating Track3D’s augmented reality intelligence into their core workflows, we provide their teams with a shared operating system that seamlessly aligns the office and the field.”
He added: “We are delighted to support Hensel Phelps as they lead the industry in using automated progress tracking to deliver the country’s most complex builds with absolute precision and no surprises.”
Hensel Phelps ranked No. 13 on ENR’s 2025 Top 400 Contractors list, with $8.1 billion in 2024 revenue.
