Buildots Raises $130 Million for AI Construction Platform

In a press release, Buildots said it raised $130 million in a funding round led by O.G. Venture Partners. The round brings its total funding to $297 million, and the company says it follows several years of tripling annual revenue.

Participants included Lightspeed Venture Partners, Intel Capital, Mohari Ventures, Human Capital, Qumra Capital, Viola Growth, Poalim Equity and investor Avigdor Willenz.

Buildots uses computer vision, construction schedules, 3D models and site imagery to track project progress and forecast possible delays. The company says its platform is deployed by more than 100 large scale firms, including Digital Realty, Intel, STO Building Group, JE Dunn, Mortenson, Bouygues and HOCHTIEF.

The Tel Aviv company will use the funding to expand across North America and EMEA, cover more stages of construction projects and add portfolio intelligence tools.