Buildots, an AI-powered construction management company, has completed a $45m funding round.
The investment, led by Israeli venture capital fund Qumra Capital, included contributions from OG Venture Partners, TLV Partners, Poalim Equity, Future Energy Ventures, and Viola Growth, bringing Buildots’ total funding to $166m.
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The company expects to expand its North American presence fourfold by the end of this year.
The funding will support the expansion of Buildots’ platform capabilities, which utilise advanced AI and computer vision technology to provide predictive analytics.
These tools are stated to help construction teams reduce delays by up to 50% and unlock significant cost savings.
Boaz Dinte, managing general partner at Qumra Capital, will join the Buildots board as part of the collaboration.
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By GlobalDataThis investment is expected to accelerate the expansion of the company’s platform to cover more stages of the construction life cycle, with Buildots aiming to use historical data to benchmark and enhance project performance.
Buildots CEO and co-founder Roy Danon said: “This investment is about transforming how construction is managed worldwide.
“Achieving operational excellence will take time and require a major industry shift, but the potential impact is enormous. We’re already seeing a shift from project-by-project tech adoption to long-term enterprise agreements, with multiple seven-figure deals signed so far this year.
“As firms move from reactive to proactive management, the industry stands to unlock billions in cost savings and operational gains. That’s the future we’re building.”
Buildots stated that its client base includes general contractors and project owners such as The Turner Corporation, STO Building Group, JE Dunn Construction Group, Samet, Mortenson, Ledcor, and Pomerleau in North America.
In the UK, the company claims to have established agreements with contractors such as Sir Robert McAlpine and has implemented with Wates, Kier, Multiplex, and IHP. Its European collaborations include VINCI Construction, NCC, Hochtief, GCC, and Bouygues Construction.
The surge in construction of data centres, driven by advancements in AI, has also become a significant growth driver for Buildots.
The company stated that Intel, a client and an investor, employs Buildots’ technology to enhance operational efficiency in its global semiconductor fabrication programme.
In December 2024, it was reported that The Novus, set to be the tallest residential building in North Carolina’s Durham region, was also utilising Buildots’ AI-driven construction technology through a partnership with Samet.
