INDUS.AI Raises $8 Million Series A to Bring Artificial Intelligence to Construction - Cantech Letter

SAN FRANCISCO–(BUSINESS WIRE)–INDUS.AI, a construction software company using computer vision to track and analyze construction project performance in real-time, announced today that it has received an $8 million Series A investment led by Millennium New Horizons with additional participation from strategic investors Foundamental and Groundbreak Ventures. Previous investors Spero Ventures, UP2398, and Bootstrap Labs also joined the round. The new funding will be used to accelerate product development and expand sales, marketing and customer success services. "The construction industry has been a neglected space for too long. This country expends extraordinary energy and capital to build amazing things – tunnels, train stations, skyscrapers and stadiums. But the sad truth is that the vast majority of those projects are painfully over-budget and delayed," said Matt Man, CEO and co-founder.