Buildots, an AI-powered construction software company, secured a $15 million investment led by Intel Capital, OG Tech Partners, and previous investors. The investment will further the company’s goal of bringing innovation to the construction industry with AI technology.
Buildots was developed out of the need for advanced AI technology in the construction industry. The need for intelligent data that is predictive, conclusive, and connected increases a company’s overall efficiency, and the ability to prevent errors, delays, and pricey mistakes enhances peace of mind for those who use it.
Over the past five years, Buildots has grown to over 200 employees spread across three site locations in Israel, the UK, and the US. This growth is a testament to the company’s stability and potential for further development. Buildots has led the integration of AI-powered progress tracking and advanced analytics software in construction, automating on-site progress tracking. Their platform, providing performance metrics and predictive analytics, has proven to increase construction efficiency and reduce delays by up to 50%.
Buildots platform uses objective site data instead of self-reporting, automating the status of tasks on projects and giving precise performance metrics.
Intel Capital, OG Tech partners, and previous investors have shown their confidence in Buildots by bolstering the company’s initiatives with a $15 million investment. This financial backing supports the continuation of growth and advancement, bringing the company’s total financing to an impressive $ 121 million. Buildots has been consistently raising significant funds, bringing in $12.5 million for construction tech innovation, $30 million for construction site AI tech, and $60 million for construction process AI solutions.
Driving AI construction technology enables them to enhance their AI-driven process management platform and construction management practices across the industry.
AI-powered progress tracking and analytics is a multi-trillion-dollar industry, and Buildots is at the forefront. One of the many milestones this year is their AI-driven Delay Forecast feature, which employs predictive analytics for the current and future state of a project, enhancing data and insights currently available by Buildots.
As AI technology continues to grow and the construction industry advances with new innovations, Buildots is at the forefront, leading the way. Their AI-driven process management platform and construction management practices are shaping the future of operations and standards within the industry. This leadership is inspiring, demonstrating the potential impact of their innovation on the industry as a whole.
