Buildots, an Israeli startup that uses AI and computer vision to modernize construction management, raised $60 million in a Series C round mutually led by Viola Growth and Eyal Ofer’s O.G. Tech. The funding comes less than a year after the company brought in $30 million in a Series B funding round. To date, Buildots has now brought in $106 in total investments.
This is not the only Israeli startup that works in the field of construction. Many are also offering new technologies and devices that aid in the efficiency of building things, so Buildots is in good company. One such firm is Versatile, an Israeli construction technology startup that uses artificial intelligence (AI) and the internet of things (IoT) to optimize construction processes.
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Buildots was founded in 2018 by Roy Danon, Yakir Sudry and Aviv Leibovici to “turn construction sites into fully digitized environments.” The company uses algorithms to automatically validate images filmed on hardhat-mounted 360° cameras. They can detect any gaps between the original design, scheduling and the reality of what is really happening in real time on the ground during construction or other types of projects.
The company uses hardhat-mounted cameras to capture imaging of every detail of an ongoing project during regular site walks. The data is then analyzed using AI models to transform random visual data into highly accurate, actionable insights that are correlated with the project’s designs and schedule.
Buildots is expanding its product offerings beyond operational management to also support commercial and planning teams.
Roy Danon personally spent six months on construction sites observing the construction workers in action. This provided him with the insights needed to develop the Buildots tech. “This funding round is fueling an essential expansion to our product offering, which in the process moves us closer to our vision of connected construction,” he said. “Facilitating better decision-making for construction teams is a key step in moving the entire industry towards greater collaboration and efficiency.”
