Goto

Collaborating Authors

 construction site management ai


Indus.ai raises $8 million for construction site management AI

#artificialintelligence

Indus.ai today closed an $8 million series A round for its construction project computer vision solution, which delivers real-time insights to project managers. The startup uses images and video footage from nearly 100 million square feet of construction sites to train an AI system that helps builders monitor the pace of progress on construction projects, ensure safety compliance, and reduce inefficiencies. The new funding will be used for product development and to growth the company's marketing and sales teams. "We call ourselves Indus because it's industrial AI and we see a huge opportunity in continuing to push forward on safety and productivity for industrial spaces," Indus.ai CEO Matt Man told VentureBeat in a phone interview.