Buildots has announced a $15 million investment round led by Intel Capital, with participation from OG Tech Partners and previous investors. Along with the financing, Lisa Cohen, Investment Director at Intel Capital, will join Buildots as a board observer.
About Buildots
Buildots is changing the construction industry with a performance-driven approach. By measuring individual tasks, the company significantly increases overall efficiency, reduces costs, and cuts delays by up to 50%.
Using objective site data instead of subjective self-reporting, Buildots’ technology automates the tracking of each task’s precise status on a construction project. This offers accurate progress tracking and performance metrics that can help anticipate and mitigate risks before they escalate.
Intel's Investment in Buildots
“Intel Capital has recognized that the construction industry, a fundamental pillar of the global economy, has not yet fully benefited from the digital age,” said Roy Danon, co-founder and CEO of Buildots.
“Over the past five years, Buildots has been at the forefront of integrating AI-powered progress tracking and advanced analytics software into this multi-trillion dollar industry, driving a transformative shift towards performance-driven construction management. We are proud to work with Intel Capital to propel large-scale construction into a more efficient and controlled future, taking out the guesswork and providing decision-makers with comprehensive and precise oversight.”
“As we invest in a resilient global supply chain for semiconductors, Intel undertakes some of the largest and most complex construction projects in the world. That first-hand experience is why we see so much potential for AI technology to revolutionize construction process management and drive new efficiencies,” said Lisa Cohen, Investment Director at Intel Capital.
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Buildots' Rounds of Financing
This latest funding round brings Buildots’ total financing to $121 million. The company continues to develop technology enhancements for its core construction management platform and fuels its growth. This financing is one of many milestones Buildots has achieved this year, including the launch of its AI-driven Delay Forecast feature.
