AI Clearing, Inc., an Austin, Texas-based ConstructionTech startup, raised $2m in seed funding.
The round was led by Tera Ventures, with participation from co-investors Inovo Venture Partners and Innovation Nest.
The company intends to use the funds to accelerate development of its solution.
Led by CEO & co-founder Michael Mazur and CTO & co-founder Adam Wisniewski, AI Clearing provides an artificial intelligence solution to monitor the progress of infrastructure projects, ensuring that production is on track, on time and in line with designs. Using technology developed at its R&D center in Warsaw, Poland, the system analyzes overhead images, geospatial data and CAD/BIM designs to allow North American and European contractors to eliminate errors and fraud.
Clients include PCL Construction and Vinci Group.