Buildots, an award-winning AI construction software company, has announced a $15 million investment led by Intel Capital, with participation from OG Tech Partners and former investors. This funding round, announced on July 11, 2024, also brings Lisa Cohen, Investment Director at Intel Capital, to the Buildots board as an observer.
The development industry is traditionally tormented by inefficiencies, resulting in delays and budget overruns. Buildots addresses these challenges with modern digital technologies that enhance performance measurement and project management.
“” said Roy Danon, co-founder and CEO of Buildots. “”
Buildots leverages AI and computer vision to automate on-site progress tracking. Their platform provides accurate data and predictive performance metrics, empowering construction teams to make data-driven decisions. This approach not only improves efficiency but in addition reduces delays by as much as 50%. By utilizing objective site data moderately than subjective self-reporting, Buildots’ technology offers precise status updates for each task on a construction project, helping to mitigate risks before they escalate.
Lisa Cohen from Intel Capital emphasized the potential of AI in revolutionizing construction process management. “” she said.
With this latest investment, Buildots has secured a complete of $121 million in funding. This capital can be used to further develop its core construction management platform and fuel growth. Considered one of the important thing milestones for Buildots this 12 months is the launch of its AI-driven Delay Forecast feature, which reinforces project completion speed through improved collaboration, transparency, and accountability.
Buildots’ platform offers several cutting-edge features:
- Automate Tracking: AI-powered progress tracking accurately measures site performance.
- Predict Delays: The Delay Forecast feature provides early warnings to predict and mitigate potential hold-ups, ensuring project timelines are met.
- Real Data for Real Plans: The Plan Tracker replaces traditional weekly planning with accurate progress data, fostering higher collaboration and accountability.
Buildots is rapidly becoming a number one solution in the development industry, partnering with major construction corporations and owners worldwide. The platform is used across North America, the UK, and EMEA, significantly increasing efficiencies and reducing delays in large-scale construction projects.
Buildots continues to drive the industry forward with its commitment to innovation, transparency, and excellence. The corporate’s AI-driven technology automates on-site progress tracking, providing construction teams with accurate data and predictive performance metrics. This empowers teams to make informed decisions, enhances project visibility, and results in reduced delays and successful project delivery.
For more information, visit Buildots’ website.
