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ConstructionsA technological startup based in Chicago, has obtained $ 45 million in new funds To help expand its platform that tracks the progress of construction projects.
The investment was directed by Qumra Capital, with other sponsors, including OG Venture Partners, TLV Partners, Poalim Equity, Future Energy Ventures and Viola Growth.
According to a Techcrunch report on May 29This last round brings the company Total financing to $ 166 million.
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Founded in 2018 by Roy Danon, Aviv Leibovici and Yakir Sudry, Buildots Use artificial intelligence (AI) and computer vision to provide construction managers a clearer vision of what is happening on the site.
The system uses 360 degree cameras used in helmets to collect images as managers walk through the projects. These images become a visual model that shows what has been completed and what should still be done.
The platform also has a chatbot that allows users to ask questions about project progress. There is also a forecast tool that marks possible delays or slowdown.
According to Danon, CEO of Buildots, the platform Makes it easier for construction managers and company executives understand what is happening on the sitewithout trusting reports that can be delayed or incomplete. He said his clients include Intel and another 50 companies in the construction industry.
Buildots plans to use the new funds to grow your product so that you can monitor more stages of a project.
On May 19, the CEO of Nvidia, Jensen Huang, announced two important updates for the company during the Computex Fair in Taiwan. What were they? Read the full story.
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