Last week, 3D-printing firm Icon raised $200 million in a Series D funding round. That eye-catching number represents investors’ faith in new ways of building and the desire to pump cash into the construction technology space.
At the same time, contractors continue to turn to artificial intelligence. Myriad offerings continue to hit the market as firms hope to help general contractors manage processes that are typically time-consuming, fragmented or both.
Here are six construction-focused tech firms that recently raised investor cash.
Miter
$40 million
San Francisco-based Miter, which helps builders manage their workforce, has raised $40 million in a Series B funding round, according to a Sept. 30 announcement. Battery Ventures led the round, while existing investors Bessemer Venture Partners and Coatue also participated.
Miter’s technology helps builders coordinate workforce management, field operations and project expenses, according to the announcement. The firm’s AI offering generates safety reports from photos or voice notes. Customers include builders Clayco and Haugland Group.
With the funds, Miter will grow its engineering team based in San Francisco and New York City and add to its go-to-market teams across the U.S., per the firm.
Wint
$36 million
Wint, an AI tool that helps built environment pros manage water, has completed a $36 million Series D funding round, according to a Sept. 9 announcement. The round was co-led by investors LIP Ventures and Inven Capital.
Wint’s platform analyzes water data in commercial and industrial buildings in real time, which can help risk teams and facilities managers gain insight into water use or waste, per the announcement. Alongside general contractors, Wint’s customers include commercial, residential and mission-critical facilities.
With the funds, Wint will speed up its product development and grow its market reach, per the announcement.
Adaptive
$30 million
Adaptive, an accounting service that uses AI agents to perform key functions for builders, raised $30 million in a Series B funding round led by Tidemark, according to a Sept. 17 announcement. The round brings Adaptive’s total fundraising to $57 million.
New York City-based Adaptive’s software pulls directly from schedules, daily logs and the field. That data is then given to AI agents that then perform the accounting workflow, which includes invoices, change orders and billings. Adaptive counts 750 contractors as customers, per the firm, and its software integrates with industry standards that include QuickBooks, Sage Intacct, Foundation and Acumatica.
With the influx of money, Adaptive will continue to develop its AI agents and expand its Boston- and New York City-based teams.
CivilGrid
$26 million
CivilGrid, which takes fragmented data and creates a comprehensive utility map for project stakeholders, finished a $26 million Series A funding round, according to an Aug. 27 news release. Investor Spark Capital led the round.
San Francisco-based CivilGrid cuts down on the utility location research process for builders. It gathers fragmented data of utility locations and allows contractors, asset owners and regulators, to see all the relevant utility and site data. The comprehensive view aims to help builders cut down on mistakes and rework.
With the cash, CivilGrid will aim to expand nationally and deepen its product capabilities.
Buildcheck
$12 million
Buildcheck, a startup that offers a tool to check blueprints for mistakes, has raised $12 million in a Series A funding round, according to a Sept. 9 announcement. Telescope Ventures led the round, while WND Ventures, the investment arm of DPR Construction, participated.
The company, which is headquartered in Palo Alto, California, uses proprietary computer vision models that read blueprints and run hundreds of automated checks to spot errors, omissions and coordination conflicts, according to the announcement. Alongside DPR, some of its customers include EllisDon, Power Construction Company, EMJ Construction and IMC Construction.
With the money, BuildCheck plans to expand across its customer base. It has also launched new products, which include Diffs, a software that compares versions of plans to spot differences.
Cura
$10 million
Cura, a Calgary, Alberta-based firm that aims to decarbonize and electrify cement production, has raised $10 million in financing, according to a Sept. 17 announcement. The financing was led by investor Zacua Ventures.
Cura’s technology performs the limestone-decomposition step of cement production with electricity instead of high-temperature combustion, per the announcement. By shifting this method to electricity, Cura produces a low‑carbon calcium product for cement manufacturing and a concentrated carbon dioxide stream.
The financing will help Cura build and commission its 100 tons-per-year pilot plant in Taber, Alberta, per the announcement. It will also advance engineering design for the firm’s first 30,000-ton-per-year commercial demonstration facility and support the expansion of its technical and business teams.
