Buildots Receives $15 Million Investment from Intel Capital to Support Growth

As part of this financing, Lisa Cohen, Chief Investment Officer at Intel Capital, joined the Buildots board of directors as an observer.

Innovation in the construction industry is essential to overcome traditional inefficiencies and improve performance measurement strategies. Given the complexity, cost, and productivity challenges inherent in large-scale industrial and commercial construction projects, even minor errors can lead to delays and budget deviations. Adopting new, innovative digital technologies can help address these challenges, enabling more efficient and effective construction management.

For Roy Danon, co-founder and CEO of Buildots: “Intel Capital recognized that the construction industry, a fundamental pillar of the global economy, has yet to fully benefit from the digital age. Over the past five years, Buildots has been at the forefront of integrating progress tracking and advanced analytics into this multi-trillion dollar industry, driving a transformative shift toward performance-driven construction management. We are proud to work with Intel Capital to propel large-scale construction into a more efficient and controlled future, eliminating guesswork and providing decision-makers with complete and accurate oversight.”

Buildots is disrupting construction practices with a performance-driven approach, measuring each individual task to dramatically increase overall efficiency, reduce costs, and decrease delays by up to 50%. Using objective field data rather than subjective reporting, Buildots’ technology automates the precise status of each task on a construction project, providing accurate progress tracking and performance metrics that can be used to anticipate and mitigate risks before they escalate.

For Lisa Cohen, Director of Investments at Intel Capital: “With Intel investing in a resilient global semiconductor supply chain, we are delivering some of the largest and most complex construction projects in the world. This first-hand experience is why we see such potential for AI technology to revolutionize construction process management and create new efficiencies. Buildots’ forward-thinking vision and ability to apply AI-powered predictive analytics to increase construction efficiency will enable a more productive future for the global construction market.”

This funding brings the company's total funds raised to $121 million as Buildots continues to develop technological enhancements to its construction management platform and fuel its growth.

This funding is one of several milestones Buildots has achieved this year, including the launch of its AI-driven predictive delay anticipation feature. Buildots partners with leading construction companies and project owners around the world, improving the speed of project completion through greater collaboration, transparency and accountability in the project management process.