CA-based Buildots has secured a $15 million investment led by Intel Capital, with participation from OG Tech Partners and previous investors. As part of the collaboration, we are welcoming Lisa Cohen from Intel Capital as a board observer. The investment will enable to further enhance our AI-driven process management platform and drive adoption of performance-driven construction management practices across the industry.
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Buildots is committed to shaping a more efficient future for the construction industry. Buildots also partner with Intel Capital on this journey and welcome Lisa Cohen, Investment Director at Intel Capital, to board as an observer.
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“Intel Capital has recognized that the construction industry, a fundamental pillar of the global economy, has not yet fully benefited from the digital age,” said Roy Danon, co-founder and CEO of Buildots. “Over the past five years, Buildots has been at the forefront of integrating AI-powered progress tracking and advanced analytics software into this multi-trillion dollar industry, driving a transformative shift towards performance-driven construction management. We are proud to work with Intel Capital to propel large-scale construction into a more efficient and controlled future, taking out the guesswork and providing decision-makers with comprehensive and precise oversight.”
“As we invest in a resilient global supply chain for semiconductors, Intel undertakes some of the largest and most complex construction projects in the world. That first-hand experience is why we see so much potential for AI technology to revolutionize construction process management and drive new efficiencies,” said Lisa Cohen, Investment Director at Intel Capital. “Buildots’ visionary outlook and ability to apply AI-powered predictive analytics to increase construction efficiencies will enable a more productive future for the global construction market.”
About Buildots
Founded in 2018, Buildots, an award-winning leader in construction technology, leverages AI and computer vision to upgrade traditional project management methods, introducing a performance-driven approach to managing construction projects. Buildots automatically generates accurate, unbiased data and actionable metrics crucial for strategic decision-making.
Enhancing visibility and control for site teams and management alike, startup sets new standards for efficiency and productivity, effectively minimizing delays and ensuring projects are completed on time and within budget.
