Intel Capital Invests in AI Construction Startup
Intel Capital has taken the lead in a $15 million investment round for Buildots, an Israeli company using AI to revolutionize construction. This brings Buildots’ total funding to an impressive $121 million.
Building a Smarter Future
Buildots tackles a major challenge in the construction industry: inefficiency. Their AI software provides real-time progress tracking on construction sites. This gives construction teams accurate data and helps them predict how the project will perform. Traditional methods often lead to delays and budget issues, problems Buildots aims to solve.
The company’s platform focuses on individual tasks, leading to better overall efficiency. By some estimates, this approach can cut costs and delays by up to half. Buildots recently introduced a new feature called Delay Forecast. This AI-powered tool helps predict and prevent potential project delays.
Buildots is focused on global expansion. They plan to partner with leading construction companies and project owners around the world. Their goal is to speed up project completion through better teamwork, clear communication, and greater accountability.
The company’s impact is already being felt. Buildots is making large construction projects more efficient in North America, the UK, and the EMEA region. This investment is significant because it’s Intel Capital’s first venture into the construction technology sector.
As part of the deal, Lisa Cohen, an Investment Director at Intel Capital, will join Buildots’ board as an observer. Her expertise will be valuable as Buildots continues to grow and innovate in the construction industry.
