Buildots, an Israeli AI construction software startup, has received a $15 million investment led by Intel Capital, with participation from OG Tech Partners and previous investors. This marks Intel Capital’s first venture into the construction tech sector.
Lisa Cohen, Investment Director at Intel Capital, will join Buildots as a board observer. This funding round increases Buildots’ total financing to $121 million, supporting further development of its construction management platform.
The construction industry faces challenges like inefficiencies, high costs, and productivity issues. Innovative digital technologies can help address these problems, improving efficiency and performance measurement. Buildots’ technology aims to tackle these challenges by enhancing task measurement, reducing costs, and minimizing delays.
Founded in 2018 by Aviv Leibovici, Roy Danon, and Yakir Sudry, Buildots leverages AI and computer vision to automate on-site progress tracking. The platform offers accurate data and predictive performance metrics, enabling data-driven decision-making.
Buildots’ platform improves project visibility, reduces delays, enhances error detection, and supports successful project delivery. Its AI-driven technology uses hardhat-mounted cameras to create a 4D model of the job site, identifying mistakes and predicting delays.
Buildots’ technology is being used in large-scale construction projects across North America, the UK, and EMEA. The company recently launched its AI-driven Delay Forecast feature and plans to partner with major construction companies worldwide.
Roy Danon, co-founder and CEO of Buildots, highlights the transformative impact of AI-powered progress tracking and advanced analytics in construction management. Lisa Cohen from Intel Capital underscores the potential of AI to revolutionize construction process management and drive efficiencies.
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By Proptechbuzz
By Ravi Kumar
