AI-powered Platform Improves Construction-Site Accuracy

In 98 percent of large building projects, logistical challenges result in cost overruns of more than 30 percent. Moreover, 77 percent of new construction projects are completed at least 40 percent late. Construction errors and risk mitigation costs contribute 10 percent to 30 percent to this figure. What's an earnest contractor to do? Tel Aviv-based startup SiteAware, which just raised a $15 million Series B financing round, offers an AI-powered Digital Construction Verification (DCV) platform that creates a "digital twin" of a building under construction. Every stage of new construction -- core, shell or interior -- is documented using drones, on-site cameras or people on the ground.