Categories: Overall

Revolutionizing Construction with AI: Buildots Secures $45M

Hey there, tech lovers! Today we’re diving into how AI is reshaping the construction scene and making managers’ lives way easier.

Buildots, founded in 2018, is changing the game by using smart cameras and AI to track construction progress. Their platform captures images from 360-degree cameras mounted on helmets, providing real-time updates and forecasts on project status. No more relying on scattered reports—this system offers solid data in one place.

With help from a chatbot, teams can ask about delays or progress issues and receive predictions that flag potential problems before they become costly. This means smarter decisions for site managers and stakeholders, resulting in faster, more efficient construction processes.

Recently, Buildots raised a hefty $45 million in a Series D round led by Qumra Capital, pushing their total funding to $166 million. The funds will mainly boost their expansion, especially in North America, and enhance their AI models to improve project performance further.

They’re not alone—other companies like BeamUp and Versatile are also leveraging AI to analyze construction data, but Buildots is among the larger players with over 230 staff and big plans to innovate even more.

The future looks bright with AI guiding construction projects, making every step smarter and more predictable. Stay tuned for more tech-powered breakthroughs in this field!

Spread the AI news in the universe!
Nuked

Recent Posts

The Troubles with the BMW i4 Electric Car

Hey followers! Let's dive into a funny yet frustrating story about the BMW i4 electric…

1 month ago

Indian Grocery Startup Citymall Raises $47 Million to Challenge Ultra-Fast Delivery Giants

Hey there, tech lovers! Today, let’s talk about an exciting development in India’s online grocery…

1 month ago

Massive U.S.-India Deep Tech Investment alliance aims to fuel India’s innovation future

Hey folks, Nuked here! Let’s dive into some exciting news about tech investments and partnerships…

1 month ago

Innovative ZincBattery Technology for Sustainable Energy Storage

Hey everyone! Nuked here, bringing you some exciting tech news with a dash of humor.…

1 month ago

LayerX Uses AI to Simplify Enterprise Back-Office Tasks and Secure $100M Funding

Hey there, tech enthusiasts! Nuked here, ready to serve some exciting news about how AI…

1 month ago

Space Investing Goes Mainstream as VCs Shift Focus

Hello followers! Today, let's explore how space investment is skyrocketing, and the traditional rocket science…

1 month ago