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Wyre AI raises $5M seed round led by Ironspring Ventures to transform construction documents into AI-powered scopes and risk insights.

PRIVATESep 10, 2026•about 3 hours ago

Amount Raised

$5 Million

Round Type

Seed

WashingtonArtificial IntelligenceMachine Learning

Investors

Joseph KhouryRajesh RamAmar HanspalVirginia Innovation Partnership CorporationWnd VenturesIronspring Ventures

Description

Wyre AI, an AI-powered document intelligence platform for the construction industry, announced $5M in pre-seed and seed funding. The round was led by Ironspring Ventures with participation from WND Ventures (DPR Construction's corporate venture arm) and Virginia Innovation Partnership Corporation. The platform transforms construction drawings and specifications into structured scopes, risk insights, and traceable references. The funding also included angel investments from construction industry veterans including former Autodesk CEO Amar Hanspal, Egnyte Co-founder Rajesh Ram, and Joseph Khoury of MCN Build.

Company Information

Company

Wyre AI

Location

Washington, District Of Columbia, United States

About

Wyre AI is an AI-powered document intelligence platform that transforms construction drawings and specifications into structured scopes, risk insights, and traceable references. The platform helps preconstruction teams reduce scope development efforts by 100-350 hours per project by automating the analysis of complex construction documents. Founded by repeat construction tech entrepreneur Sunil Dorairajan, Wyre AI addresses the inefficiencies in preconstruction where margins are locked in and coordination issues cost the industry billions annually.

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