OnsiteIQ is a construction intelligence platform that captures 360-degree jobsite imagery and uses AI to deliver progress tracking and risk analytics for commercial real estate investors, developers, and owners. Its network of capture specialists walks projects to capture complete site footage, which is automatically mapped to floor plans to create an objective, centralized record accessible from any device. The platform analyzes visual data to track progress across 18 major milestones, flag patterns of inactivity to predict delays, and generate portfolio-wide trend reports. OnsiteIQ acts as a single source of truth to document projects, monitor progress, and verify payments—particularly valuable in an industry where more than 70% of projects fall behind schedule and delays can cost roughly $2 million per month on a typical development. The company says it currently monitors projects across more than 65 U.S. and Canadian markets, has captured over three billion square feet of footage, and is tracking over 1,600 projects valued at a cumulative $17 billion. It completed a $14 million Series B to fund product improvements, expand its analytics suite, refine payment verification, and deploy an elevated portfolio dashboard. Founded in 2017 by Ardalan Khosrowpour, OnsiteIQ positions itself as an analytics-driven monitoring and risk-management layer for geographically dispersed real estate portfolios. OnSiteIQ is a New York–based provider of a visual documentation and risk assessment platform for construction job sites. Its platform leverages computer vision to automatically map 360-degree walkthrough imagery to building floor plans, enabling clients to inspect progress, quality, and safety. Data collectors capture imagery with a 360-degree camera, upload it to the system, and the platform maps walkthroughs to associated floor plans and provides dozens of 360-degree views along a path. Users can navigate back and forth in time to monitor progress at a single point, document specific items in images, and track annotations. An AI module will make visual content searchable and automatically flag potential hazards and progress milestones. The company raised new funding to scale U.S. operations and sales and to improve its artificial intelligence capabilities for automatic progress reports and risk assessment.

Total raised

$16M

Funding rounds

2

Latest round

Series B

Latest activity

Oct 2023