Drawer AI raised $5M in a seed funding round led by Brick & Mortar Ventures to expand its product and scale its team.

Oct 09, 2024•about 1 year ago

Amount Raised

$5 Million

Round Type

seed

AustinMachine LearningArtificial IntelligenceSoftware

Investors

Base 10 PartnersBrick & Mortar Ventures

Description

Drawer AI, an AI-powered estimating system based in Austin, TX, has closed a $5M Seed funding round. The funds will be used for product expansion and customer acquisition as the company launches out of stealth mode with existing clients.

Company Information

Company

Drawer AI

Location

Austin, Texas, United States

About

Drawer AI is an Austin, TX-based company that offers an AI-powered estimating system designed for the electrical trade. Founded in 2021, it leverages advanced machine learning technology to automate preconstruction processes, making estimating faster and easier. The company has recently emerged from stealth mode and has secured partnerships with six industry-leading electrical contractors.

Related People

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Funding Insights

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