Pave raises $14m for AI-powered portfolio management platform

Construction management platform Buildots has secured $130 million in funding to bolster its AI-driven solution and tap into the growing demand for data center, manufacturing and energy infrastructure projects. The late-stage round brings the company's total capital raised to $297 million, following a $45 million Series D investment in 2021.

Utilizing computer vision, Buildots' platform converts video footage from construction sites into a real-time digital representation of each project. Its AI compares visual data to construction schedules and 3D models to track progress, spot deviations and forecast delays. This approach provides project managers with an objective alternative to manual inspections, spreadsheets and fragmented reports, enabling them to monitor specific areas, task statuses and overall project timelines.

The demand for Buildots' technology is fueled by the rapid construction of AI data centers, where delays can delay costly computing infrastructure. The company targets a range of sectors, including advanced manufacturing, energy projects, hospitals, schools, commercial buildings and residential developments. Recently, Buildots acquired construction workforce and safety management provider Genda Inc. to integrate labor activity data with progress information, helping contractors identify delays and assess the effectiveness of corrective actions.

The Tel Aviv-based startup plans to expand across North America and Europe, extend its software to cover more construction stages, and provide executives with consolidated intelligence covering multiple projects. With three years of consistent revenue growth, the company remains committed to building the foundational technology layer essential for the construction industry's future.