Buildots Raises $30M in Series B Funding
- Buildots, a Tel Aviv, Israel and London, UK-based AI construction tech company, raised $30m in Series B funding
- The round was led by Lightspeed Ventures with participation from previous investors TLV Partners, Future Energy Ventures, Tidhar Construction Group and Maor Investments
- The company will use the new funds to double the size of its global team with a focus on its Sales and R&D departments
- The company provides construction companies with an end-to-end solution that allows project managers to get control of every activity on the construction site
- The platform acts as a mobile control room for project managers, allowing them to make decisions that dramatically speed up construction and ultimately reduce costs
- The company has recently announced that their technology is being used to reduce costs and enhance output on a slew of major construction projects
