Buildots secures $15M Intel Capital led investment to drive AI construction technology growth
We are excited to announce that Buildots has secured a $15 million investment led by Intel Capital, with participation from OG Venture Partners and previous investors. As part of the collaboration, we are welcoming Lisa Cohen from Intel Capital as a board observer. The investment will enable us to further enhance our AI-driven process management platform and drive adoption of performance-driven construction management practices across the industry.
Addressing industry challenges
The construction industry, a cornerstone of the global economy, is riddled with inefficiencies, cost overruns, and productivity challenges. By integrating AI-powered progress tracking and advanced analytics, Buildots is addressing these longstanding issues head-on.
The power of AI in industrial construction
Buildots' technology automates on-site progress tracking, providing objective progress reports and performance metrics. The platform’s predictive analytics tools help construction project teams anticipate and mitigate delay risks before they escalate. Our performance-driven approach increases overall construction efficiency and reduces delays by up to 50%.
Strategic growth and technological advancements
This new round of funding brings Buildots' total financing to $121 million. The capital will support the continued development of technology enhancements for our core construction management platform and fuel our growth. Recent milestones include the launch of our Delay Forecast tool and partnerships with major construction companies and owners worldwide.
Looking ahead
With a performance-driven approach, Buildots is transforming construction management. Our technology dramatically increases efficiency and reduces delays, helping ensure successful project delivery on time and on budget. Operating across North America, the UK, and EMEA, Buildots enhances construction projects’ visibility and control, driving the industry toward a more efficient and productive future.
Read the full announcement here.
