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Intel Capital leads $15M funding in Israeli AI construction tech Buildots

Jul 11, 2024over 1 year ago

Amount Raised

$15 Million

Tel AvivSoftware

Investors

Og Tech PartnersIntel Capital

Description

Israeli AI construction software startup Buildots has raised a $15 million investment led by Intel Capital with participation from OG Tech Partners and previous investors. This funding will help Buildots continue developing technology enhancements for its core construction management platform and fuel its growth.

Company Information

Company

Buildots

Location

Tel Aviv, Tel Aviv District, Israel

About

Buildots, an award-winning leader in construction technology, leverages AI and computer vision to increase efficiencies in construction, introducing a performance-driven approach to managing construction projects. Our platform automatically generates accurate, unbiased data and actionable metrics crucial for strategic decision-making. Enhancing visibility and control for site teams and management alike, Buildots sets new standards for efficiency and productivity, effectively minimizing delays and ensuring projects are completed on time and within budget.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech