Buildots raises $16M to bring computer system vision to building and construction management

Buildots, a Tel Aviv and London-based startup that is using computer vision to improve the construction management industry, today announced that it has raised$ 16 million in total financing. This consists of a$3 million seed round that was previously unreported and a $13 million Series A round, both led by TLV Partners. Other investors consist of […]
, a Tel Aviv and London-based start-up that is using computer vision to improve the building and construction management industry, today revealed that it has raised $16 million in overall funding. The idea behind Buildots is quite simple. Like so numerous Israeli start-ups, the creators fulfilled during their time in the Israeli Defense Forces, where they finished from the Talpiot system. The group began looking into how it could bring innovation to conventional markets like finance, medication and agriculture, but then settled upon building and construction thanks to an opportunity meeting with a construction business. Danon argues that the building and construction industry is essentially a manufacturing industry, but with really outdated control and procedure management systems that still frequently relies on Excel to track development….