AI Clearing, a pioneering Austin, US-based company specializing in AI-powered autonomous construction progress tracking and quality control solutions, has successfully raised $14 million in its Series A funding round. The funding round was spearheaded by Prudence, a prominent investment firm, and saw participation from FJ Labs, along with continued support from existing investors Tera Ventures, Inovo, and Innovation Nest. The Series A funding marks a significant milestone for AI Clearing, underlining its commitment to transforming the construction industry through cutting-edge artificial intelligence technology.
Jordan Viniar, a Partner at Prudence, will join AI Clearing’s Board of Directors, bringing valuable expertise and guidance to the company’s strategic vision.
AI Clearing, led by CEO Michael Mazur and CTO Adam Wisniewski, is on a mission to reshape the construction sector with innovative AI solutions tailored to enhance project efficiency and overall outcomes. The company’s proprietary technology empowers contractors, owners, and lenders to gain real-time insights into construction progress and quality, a feat previously unattainable without the capabilities of artificial intelligence.
With the $14 million in Series A funding, AI Clearing has ambitious plans for expansion. The company aims to strengthen its sales and client success teams, strategically positioning itself across the United States, Western Europe, and the Gulf region. This expansion will enable AI Clearing to reach more construction professionals seeking to optimize their projects and boost productivity with AI-driven solutions.
Michael Mazur expressed his enthusiasm about the funding, stating, “This investment is a testament to the value AI Clearing brings to the construction industry. We are excited to accelerate our growth and continue providing transformative AI solutions that drive efficiency and excellence in construction projects worldwide.”
AI Clearing’s innovative approach is poised to revolutionize the construction sector, making real-time progress tracking and quality control more accessible and efficient than ever before. As the company embarks on this exciting phase of expansion, the construction industry can anticipate groundbreaking advancements that will redefine how projects are managed and executed.
By Proptechbuzz
By Ravi Kumar
