Buildots, a technology company started in Chicago six years ago, is using artificial intelligence to transform how construction sites are managed. Site managers wear hard hats with 360 degree cameras that capture images which the Buildots platform then processes to give detailed project updates.
The system does more than provide records; it also delivers future projections for teams on the ground. Managers and executives can interact with a chatbot for real time answers about the project status and receive warnings about potential schedule delays or problems that could drive up costs.
According to CEO Roy Danon, the technology enables stakeholders to make decisions based on precise and current data. He says previously, managers would rely on a patchwork of reports that arrived at different times and offered varying accuracy.
Investment and Expansion Plans
Buildots recently closed a major round of AI-powered operational excellence in construction, led by Qumra Capital, bringing its total capital raised to $166 million. Backers also included OG Venture Partners, TLV Partners, Poalim Equity, Future Energy Ventures, and Viola Growth.
The company plans to direct this infusion toward broadening its product’s reach so that it covers more phases within a project. Danon revealed that one goal is to use historical information to help train AI systems that benchmark performance and streamline construction delivery.
Major clients such as Intel and about fifty construction businesses are already using Buildots. With more than 230 employees, the company is among the largest providers of AI powered solutions in the sector and is preparing for a significant North American expansion this year.
While Buildots faces competition from others such as BeamUp and Versatile, Danon believes the firm’s focus on operations and performance management sets it apart. He said the recent investment is not only intended to speed up these initiatives but also signals that the industry is ready for new approaches to managing complex jobsites.
