Drawer AI raised $5M in a seed funding round led by Brick & Mortar Ventures to expand its product and scale its team.
Drawer AI raised $5M in a seed funding round led by Brick & Mortar Ventures to expand its product and scale its team.
10/09/24, 7:00 PM
Location
austinMoney raised
$5 million
Industry
machine learning
artificial intelligence
software
Round Type
seed
Investors
Base 10 Partners, Brick & Mortar Ventures
Drawer AI, an AI-powered estimating system based in Austin, TX, has closed a $5M Seed funding round. The funds will be used for product expansion and customer acquisition as the company launches out of stealth mode with existing clients.
Company Info
Location
austin, texas, united states
Additional Info
Drawer AI is an Austin, TX-based company that offers an AI-powered estimating system designed for the electrical trade. Founded in 2021, it leverages advanced machine learning technology to automate preconstruction processes, making estimating faster and easier. The company has recently emerged from stealth mode and has secured partnerships with six industry-leading electrical contractors.