Construction industry AI co Buildots raises $12.5m


Jul 31, 2020 | News | Jerusalem & Area
Construction industry AI co Buildots raises $12.5m

Israeli startup Buildots today announced that it has raised $12.5 million in a Series A financing round, in order to help construction companies track progress on building sites using artificial intelligence (AI) and computer imaging. This brings to $16 million the amount raised by the company including several hundred thousand dollars as a grant from the Israel Innovation Authority.

The round was led by TLV Partners with the participation of Innogy Ventures, Tidhar Construction Group, Ziv Aviram, co-founder of Mobileye and OrCam, Magma Ventures head Zvika Limon, serial entrepreneurs Benny Schnaider and Avigdor Willenz, and Tidhar chairman Gil Geva.