Siteaware Raises $15 Million Series B To Drive The Evolution Of Construction Using Ai

Jan 26, 2022•over 3 years ago

Amount Raised

$15 Million

Round Type

series b

Tel Aviv

Description

SiteAware, the pioneers of Digital Construction Verification (DCV) technology, announced today a $15 million Series B financing round led by Vertex Ventures, with participation from existing investors Bosch, Axon, Orizon, and lool Ventures. The company plans to use the funds to further scale its industry presence and to make Digital Construction Verification the new standard throughout the US construction industry.

Company Information

Company

Site Aware

Location

Tel Aviv, Tel-Aviv District, Israel

About

SiteAware is the world's leading Digital Construction Verification platform, enabling general contractors to mitigate their exposure and risk on projects by providing real-time verification of construction through the creation of a state-of-the-art digital twin of any construction project, thereby reducing the need for rework on a site. The company is also creating the world's first database of element-level construction data, transforming the way stakeholders in a construction project plan, build, maintain, and sell buildings. Founded in 2015 and led by CEO Zeev Braude, SiteAware has raised $30 million to date, and is in routine use by construction giants such as Hines, Trammell Crow Company, Whiting Turner, Ryan Companies, and more. SiteAware is based in Israel and has offices in Houston, TX. For more information, please visit www.siteaware.com.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Siteaware Raises $15 Million Series B To Drive The Evolution Of Construction Using Ai

Description

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Company Information