Eureka – Buildots Secures $15M Investment

Previous investors, including OG Tech Partners, also participated in the round.

Innovation in the construction industry is essential to overcome traditional inefficiencies and improve performance measurement strategies. Given the complexity, cost, and productivity challenges inherent in large industrial and commercial construction projects, even minor errors can lead to schedule delays and budget discrepancies. Adopting new, innovative digital technologies can help address these challenges, supporting more efficient and effective construction management.

Buildots brings a performance-centric approach to the construction world by measuring individual tasks, which significantly increases overall efficiency and lowers costs, while reducing delays by up to 50%. Using objective data from the jobsite as opposed to subjective reports, Buildots technology automates the exact status of every task on a construction project, offering accurate progress tracking and performance metrics that can be used to predict and mitigate risks before they escalate.

Lisa Cohen, Chief Investment Officer at Intel Capital, said: “Buildots’ visionary perspective and ability to apply AI-powered predictive analytics to improve construction efficiency will enable a more productive future for the global construction market.”

This funding brings the company’s total funding to $121 million. Buildots continues to advance technology enhancements for its core construction management platform and drive growth.