Primepoint Raises $10M in Seed Funding

The funding round included an initial $4 million co-led by Penny Jar Capital and NextView Ventures, followed by a $6 million round led by Navitas Capital with participation from Penny Jar Capital, NextView Ventures, GS Futures, and Aglaé Ventures. Additional support also came from Dr. Yann LeCun.

The company plans to use the funds to improve its platform and expand its customer base among large commercial general contractors nationwide.

Primepoint’s AI system connects every part of a construction drawing to related schedules, specifications, and project documents. It automatically handles much of the manual work construction teams typically handle, producing accurate, traceable results that can be verified back to their sources.

The platform brings together information across all project drawings, helping teams review and manage large construction sets more easily. It reduces the need for manual updates and comparisons, turning static PDFs into an interactive system that gives project teams better visibility into progress, changes and requirements.

Primepoint’s AI assistant, Marvin, is available across the platform to answer project questions in simple language, using information from project documents instead of general AI data. The system also integrates with common construction tools such as Procore and Autodesk Construction Cloud and adheres to enterprise security standards. Customer data is kept private and is not used to train external AI models.

Read More:FutureFit AI Receives Strategic Investment from Achieve Partners

Primepoint also benefits from VP of Strategy Kamran Azarbal's industry experience, who spent over a decade at Webcor, rising from field engineer to project director on large commercial projects. His hands-on experience with complex construction documents helps shape the tool to deliver accurate results and solve a major challenge for teams—important insights often get lost in large volumes of drawing revisions.

The platform was first used on an Aeronautical University campus project in Arizona, with early partner Sundt Construction helping develop it. This year, Primepoint plans to expand its use with Sundt to more projects, including a data center, a university, and residential buildings.

“As early investors in PlanGrid, Navitas understands the value of digital drawings in construction, but the Primepoint demo impressed us greatly,” said Mike Heller, Principal at Navitas Capital. “This strong team has created a new platform that connects information across drawings and documents using advanced AI, helping reduce costly rework, delays, and errors in the construction industry.”

“Large construction drawings are very complex and connected to many other documents,” said Lubomir Bourdev, Co-founder and CEO of Primepoint. “Our platform helps teams quickly find issues early in the process, saving time and money by doing part of the work upfront,” added Hamid Palo, Co-founder and CPO of Primepoint.

“Projects start with high energy, but things slow down when teams are overwhelmed by paperwork like contracts, RFIs and reports,” said Kamran Azarbal, VP of Strategy. “We help reduce this burden so teams can focus on identifying and solving key project risks faster.”

“Primepoint took the time to understand real construction challenges and built a solution from the ground up around existing workflows, instead of forcing a legacy system,” said Eric Cylwik, Director of Innovation at Sundt Construction. “This is not just another AI tool—it actually fits how the industry works.”

About Primepoint

Founded in 2024, and based in San Mateo, California, Primepoint was founded by Lubomir Bourdev and Hamid Palo. It is a construction intelligence platform that uses AI to read and connect construction drawings, helping project teams automate tasks such as design review, RFI drafting, submittal analysis, and drawing navigation, delivering accurate, document based results. The platform serves large commercial general contractors and is built to meet enterprise security standards.

Read More:Decision Science Advisors Closes Series A Funding