Swapp, a Tel Aviv, Israel-based AI-powered construction planning company, raised $7m in Seed funding.
The round was led by Point72 Ventures and Entrée Capital with participation from existing investors.
The company intends to use the funds for continued market expansion for its construction-planning platform and for its AI capabilities.
Led by Eitan Tsarfati, Co-founder and CEO, Swapp is an AI-driven planning company that developed a single-platform for real-estate developers and construction companies to create their entire construction planning, from feasibility assessments to detailed construction documents plans and begin work within weeks. Using their platform, real estate developers and construction companies can control every phase of their project planning process and readily adjust them to their budget and needs.
In addition to generating, optimizing, and iterating design options, the platform also supports construction coordination of structural, architectural, engineering, mechanical, electrical, and plumbing (MEP) plans and produces detailed construction drawings and design models according to customers’ needs and requirements.