Buildots, a Tel Aviv, Israel and London, UK-based company providing an AI solutions for the construction industry, secured $16m in funding.
The $3m seed and $13m series A rounds were led by TLV Partners with the participation of Innogy Ventures, Tidhar Construction Group, Ziv Aviram, co-founder of Mobileye & OrCam, Magma Ventures head Zvika Limon, serial entrepreneurs Benny Schnaider & Avigdor Willenz, and Gil Geva, chairman of Tidhar.
Founded in 2018 by Roy Danon, Aviv Leibovici, and Yakir Sundry, Buildots leverages AI to track, analyze and provide actionable data for construction project teams. It uses hardhat-mounted cameras to capture imaging of every detail of an ongoing project during regular site walks. The data is then automatically compared to the design model – an electricity socket installed even a few inches from where it should be is visible in the dashboard along with a photo – allowing mistakes or omissions to be corrected immediately.