Rebar, a NYC-based provider of a vertical AI platform building the core operating system for the HVAC, Electrical, and Plumbing industries, has raised $14 million in a Series A funding round led by Prudence.
The round also saw participation from Zero Infinity Partners, Founder Collective, Villain Capital, and Optimist Ventures.
Read More:Amigo AI Raises $11M in Series A Funding
The company plans to use the funds to expand its operations and development work.
Rebar is a vertical AI platform building a core operating system for the HVAC, electrical, and plumbing industries. Its technology automatically processes construction documents like blueprints and specification books, extracting thousands of data points from each project. Rebar uses this information to automate the estimating and quoting process, helping HVAC contractors and distributors create quotes faster and more accurately. Tasks that once took hours or days can now be done in minutes.
Quoting is one of the most important tasks in construction, but it is still slow and mostly done by hand. In the past, workers had to review large sets of architectural plans, sometimes hundreds of pages, to prepare a quote for a job. Older technologies only copied the pen-and-paper process in digital form. With Rebar, contractors and distributors can create more bids at a lower cost, which helps them win more projects and increase revenue.
“I spent years preparing estimates by hand, so I understand the challenges people in the industry face every day,” said Evan Brown, CEO of Rebar. “This problem was hard to solve with older technology, but with our AI platform, contractors and distributors can spend less time on office work and more time with customers and winning new projects.”
“HVAC, electrical, and plumbing are huge markets that have had very little specialized technology and mostly rely on manual work,” said Jordan Viniar, General Partner at Prudence. “With Rebar’s AI platform, these businesses can skip outdated software and use a solution that automates their entire workflow. This is far better than anything the industry has seen before and helps both reduce costs and increase revenue. The Rebar team is well-positioned to take advantage of this opportunity because of their strong industry knowledge and technical skills.”
The company also plans to expand its product into related areas like electrical and plumbing, and into new markets across the U.S. and other countries.
About Rebar
Founded in 2024, Rebar has built an AI operating system for the HVAC industry that automates estimating and quoting for contractors and distributors. Using its proprietary AI models, customers can create quotes in minutes instead of hours or days, helping them submit more bids at a lower cost and win more business.
About Prudence
Founded in 2009, Prudence is an early-stage venture capital firm that invests in vertical AI companies transforming the built world. The firm invests in sectors such as construction, real estate, and infrastructure. Prudence has invested in companies like AI Clearing, Casafari, Clearstory, Compass, CREXi, Evernest, Hemlane, Maxwell, Planera, Propexo, Salus, Sundae, Trunk Tools, Uniti AI, and VendorPM. The firm is based in New York City and invests globally.
Read More:Imperium Technologies Raises $2M in Funding
