Adaptive closes $19M Series A to transform construction finance with AI and automation
PRIVATEJul 15, 2024
Amount Raised
$19 Million
Round Type
Series A
New YorkSoftware
Description
Adaptive, the leading financial automation platform, secured a $19 million Series A funding round to scale its AI-powered financial platform across the $2 trillion construction market, creating a unified payments infrastructure for the industry. The construction industry, faced with unique accounting and compliance requirements, is plagued by chronic payment delays and cash flow crunches, introducing significant risk and inefficiency to the build process that together amount to an estimated $273 billion in losses across the industry.
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Company Information
Company
Adaptive Real Estate
Location
222 BROADWAY SUITE 2401
New York, New York, United States
About
Adaptive is on a mission to bring financial clarity to the construction industry through advanced automation and AI. By eliminating back-office bottlenecks and streamlining payment processes, Adaptive's platform enables construction companies of all sizes to improve their cash flow, profitability, and project efficiency. With a vision to become the standard network for construction payments, Adaptive is paving the way for a more transparent, efficient, and profitable construction industry.
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New YorkSoftware