Reconstruct, a Menlo Park, California, and Champaign, IL-based provider of a SaaS platform for construction and real estate, raised $7.7M in Series A funding.
The round was led by Cultivation Capital with participation from Serra Ventures and Seyen Capital.
The company intends to use the funds to expand operations opening offices in Texas, Chicago, NYC and Tokyo.
Founded by Dr. Mani Golparvar and Dr. Derek Hoiem, and led by CEO Zak MacRunnels, Reconstruct provides a construction and real estate AI & Digital twin software platform with capabilities including indoor/outdoor views for project stakeholders to track and resolve project issues in a virtual environment before they impact cost and schedule.
Its “visual command center” for projects enables project executives to proactively and precisely manage construction progress including detecting current, past, and future performance issues. The platform’s 3D timelines enable real-time coordination among general contractors, subs, owners, and lenders.
Customers include Walbridge, Clayco, Taisei, and Kajima.