SiteAware, a Houston, TX-based Israeli Artificial Intelligence (AI) construction verification software company, closed a $10m Series A funding.
The round was co-led by Axon Ventures and Robert Bosch Venture Capital GmbH with participation from existing investors lool Ventures, Oryzn Ventures, The Flying Object and Power Capital Venture.
The company will use the new funding to accelerate its expansion in the US market.
Led by Zeev Braude, CEO, SiteAware is a platform that provides real-time, high accuracy verification of construction fieldwork through its purpose-built digital twinning engine, paired with AI anomaly detection.
The company digitally scans buildings under construction and creates a highly accurate 3D model of the verified area. The model is then verified against the approved construction plans to flag any inconsistencies between plans and fieldwork. The result is a complete view, in real time, of the work performed that exposes any deviation from the plan, enabling field teams to make the necessary adjustments before needing to carry out reactive rework.
FinSMEs
08/10/2020