Sitewire provides a cloud and mobile platform that fuses real-time visual media, cost tracking, AI analysis and expert construction evaluations to automate work verification and speed payments. The platform enables financiers to verify completed work instantly and release payments the same day, replacing manual inspections and spreadsheets. Sitewire targets lenders and institutional asset managers as customers and focuses on expediting payments to homebuilders to keep projects on time and on budget. The company emphasizes faster cash flow for small local builders and subcontractors to reduce project delays and risk. There are no operating metrics disclosed in the article. The company announced a $3.17 million seed raise to support growth.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2024