Buildots secures funding for AI platform

Buildots has raised a further $45m (£33.4m) to expand its AI-powered construction management platform.

The project brings together advanced AI and computer vision technology and this latest round of funding brings the total to $166m.

The funding round was led by Qumra Capital with OG Venture Partners, TLV Partners, Poalim Equity, Future Energy Ventures, and Viola Growth.

As part of the collaboration, Boaz Dinte, managing general partner at Qumra Capital, will join AI-led construction management firm Buildots as a board member.

Buildots said its predictive analytics can help construction teams cut delays by up to 50% and unlock millions in cost savings.

The company says this will help keep pace with the surge in data centre and semiconductor fab construction, despite supply chain disruptions and labour shortages.

Buildots CEO and co-founder Roy Danon said: “This investment is about transforming how construction is managed worldwide. Achieving operational excellence will take time and require a major industry shift, but the potential impact is enormous.”