In a sign of continued interest in technologies for tracking work progress and keeping on schedule, Israel-based startup Buildots announced that it has raised $60 million in a Series C funding round. Buildots offers an AI-based system to analyze jobsite videos collected by hardhat-mounted 360° cameras to automatically identify work put-in-place in vertical construction. This data can be used to identify construction errors and keep schedules on track.
The funding round was led by Viola Growth and O.G. Tech, alongside existing investors TLV Partners, Lightspeed Venture Partners, Future Energy Ventures and Maor Investments. The new funding comes after Buildots’ $30-million Series B round in August 2021.