Indian-Origin Founders Secure $30.5 Million Series B for Delaware-based Advanced AI Takeoff Software for Construction & Field Services to Drive Global AI-Powered Real Estate Solutions
What is the news?
Showcasing the strength of the Global Indian Alpha entrepreneurship, Delaware-based SaaS startup Advanced AI Takeoff Software for Construction & Field Services has successfully closed a Series B funding news round of $30.5 Million The company, co-founded by Indian origin founders Shiva Dhawan and Sarthak Vijay, offers AI-powered take-off and bidding solutions primarily for the US construction and field-services sectors.
The round was led by Insight Partners, with crucial participation from Vertex Ventures, Tenacity Ventures, and Info Edge Ventures, underscoring the trust global investors place in this founders community.
Why is it interesting?
Advanced AI Takeoff Software for Construction & Field Services’s flagship platform, Beam AI, leverages cutting-edge technology to automate manual measurement and streamline cost estimation during the preconstruction phase. This not only significantly enhances the productivity of their clientele, which includes over 1,200 global contractors, but also positions the company as a key player in the rapidly growing global construction automation market.
This fresh capital will be strategically deployed to accelerate the development of next-generation AI products and fund the company’s ambitious plan for international expansion into new markets, extending its global impact and reinforcing the company’s role in the global tech ecosystem.
Read more: Attentive AI Nets $30.5 Mn To Scale Real Estate Stack