- TraceAir, a Redwood City, Calif.-based construction site development acceleration platform, completed a $3.5M Series A funding round
- The round, which brings the total capital raised to $7M, led by XTX Ventures, joined by Liquid 2 Ventures, GEM Capital, GPS Ventures, and Andrew Filev (CEO Wrike)
- The company also intends to use the new capital to grow marketing & sales and to accelerate the development of new product features
- TraceAir also provides a collaborative platform that allows users to identify and solve problems, reducing delays, and accelerating decision making
- Tools like Haul Road automatically find the most efficient route to move dirt and materials, saving in equipment and fuel expenses
- The company is currently working with seven of the top twenty-five homebuilders in the US
