nPlan secures $18.5m investment to mitigate risk with AI analytics

The company's proprietary AI algorithms have analysed nearly $1 trillion worth of global construction projects and deploys this learning to spot delays and recommend improvements with an accuracy and scale previously not possible. In doing so, nPlan's data-led insights effectively reduce the volatility of and increase investor confidence in construction projects. There continues to be a significant global appetite for major infrastructure projects, both in the immediate boost they provide to jobs and construction companies' revenues, and the ongoing economic impact they can have on regions and even whole countries. According to recent data from the Royal Institution of Chartered Surveyors, 'In the last quarter of 2020, before the latest lockdowns, construction industry workloads increased for the first time since 2019. Further to this, 2020 saw a seven month period of increased activity and expansion within the UK construction sector.