Drawer AI, an Austin, TX-based AI-powered estimating system, closed a $5M Seed funding round.
The round was led by Brick & Mortar Ventures with participation from Base 10 Partners.
The company intends to use the funds for product expansion, scaling the team, and customer acquisition.
Drawer AI is coming out of stealth mode alongside the capital raise and launching with six industry-leading electrical contractors already using the product.
Founded in 2021 by Den Lavrik, and Nick Latsis, Drawer AI uses advanced machine learning technology to deliver AI-powered preconstruction software for the electrical trade and automate the entire process, making estimating faster and easier.
FinSMEs
09/10/2024