Buildots Secures $45M to Revolutionize Construction Tracking
▼ Summary
– Buildots uses AI and computer vision to track construction progress via 360-degree cameras on hard hats, offering real-time insights and predictive alerts for delays.
– The platform helps construction managers make data-driven decisions by consolidating reliable, real-time project information instead of fragmented reports.
– Buildots has raised $45 million in Series D funding, bringing total funding to $166 million, to expand its AI-driven construction lifecycle solutions.
– The company plans to leverage historical data to train AI models for optimizing construction performance and benchmarking project progress.
– Buildots is expanding its North American operations, focusing on R&D, and competes with other AI-driven construction tech firms like BeamUp and Versatile.
Keeping construction projects on track requires real-time visibility into progress, costs, and potential risks—something traditional methods often struggle to deliver. Buildots, a Chicago-based startup, is tackling this challenge head-on with an AI-powered platform that transforms how construction teams monitor and manage projects.
The company’s technology leverages 360-degree cameras mounted on hard hats to capture site conditions, feeding the data into an AI system that analyzes progress and flags potential delays. Unlike manual reporting, which can be inconsistent and delayed, Buildots provides real-time insights through a chatbot interface and predictive analytics. This allows project managers to spot issues before they escalate, saving time and money.
Founded in 2018 by Roy Danon, Aviv Leibovici, and Yakir Sudry, Buildots has already attracted high-profile clients like Intel and over 50 construction firms. The platform’s ability to consolidate fragmented data into actionable intelligence has made it a game-changer for the industry.
Now, with fresh funding, Buildots is poised for even greater expansion. The company recently secured $45 million in a Series D round led by Qumra Capital, with participation from OG Venture Partners, TLV Partners, and others. This brings its total funding to $166 million, fueling plans to enhance its AI models and broaden its product offerings across the entire construction lifecycle.
Danon, Buildots’ CEO, emphasizes that the investment validates the growing demand for data-driven construction management. “Our platform’s focus on operations and performance sets us apart,” he says. “This funding accelerates our mission to bring digital transformation to an industry that’s ready for change.”
While Buildots isn’t alone in applying AI to construction—competitors like BeamUp and Versatile are also innovating—its comprehensive approach and strong market traction position it as a leader. With plans to expand its North American operations and R&D teams, the company is doubling down on its vision to make construction smarter, faster, and more efficient.
For an industry where delays and cost overruns are all too common, Buildots offers a powerful solution—one that’s gaining momentum as more firms recognize the value of AI-driven insights. The latest funding round signals confidence in its potential to reshape how buildings come to life.
(Source: TechCrunch)
