Construction Tech Startup That Keeps Firms On Target Raises $15M 

Israeli construction tech startup Buildots says it has received an investment of $15 million, led by Intel Capital with participation from O.G. Tech Partners and prior investors. Intel Capital’s Investment Director Lisa Cohen will also join the Buildots board as an observer.

Buildot uses AI to predict potential risks that could delay a construction project and alerts managers to pacing issues before they escalate. It also provides in-depth insights into the causes for delays, boosting efficiency and decision-making processes. 

Tel Aviv and London-based Buildots developed its platform after finding that 62 percent of construction site activities are running slower than planned – and that 25 percent of such activities are operating at half of the expected pace.  

“Intel Capital has recognized that the construction industry, a fundamental pillar of the global economy, has not yet fully benefited from the digital age,” said Buildots co-founder and CEO Roy Danon. 

“Over the past five years, Buildots has been at the forefront of integrating AI-powered progress tracking and advanced analytics software into this multi-trillion dollar industry, driving a transformative shift towards performance-driven construction management,” he said. 

“We are proud to work with Intel Capital to propel large-scale construction into a more efficient and controlled future, taking out the guesswork and providing decision-makers with comprehensive and precise oversight.”