Participated · Series A · Jul 2020

Buildots provides an AI and computer-vision platform that processes images captured from 360-degree cameras mounted on managers’ hard hats to track construction progress and forecast issues. The system includes a chatbot for project-status queries and predictive tools that alert teams to delay risks and pacing problems. Founded in 2018 and based in Chicago, the company counts Intel and roughly 50 construction firms among its clients. Buildots has grown to over 230 employees and plans to expand its North American operations with a focus on growing R&D teams. The company intends to use historical project data to train models that benchmark and optimize construction performance and to extend its product to cover more stages of the construction lifecycle. Buildots positions itself as an operations-focused platform for performance management in construction and competes with firms such as BeamUp and Versatile. Buildots is an Israel- and U.K.-based AI construction company that deploys 360-degree cameras and computer-vision models to build digital twins of job sites and track project progress. It works with large contractors such as Pomerleau, NCC and Ledcor to identify bottlenecks and optimize workflows. The company recently launched an AI-powered "delay forecast" feature that in beta tests reduced delay times by up to 50% in some scenarios. Buildots is six years old and has pursued multiple financings to scale its product and deployments. Prior to the new round it had raised around $106 million, including a $60 million tranche two years ago. The firm positions its technology as a way to drive efficiencies and cost savings on large, complex construction projects. Buildots, founded in 2018 by Roy Danon, Aviv Leibovici and Yakir Sudry, builds an AI platform that uses hardhat-mounted 360-degree cameras and computer vision to capture and analyze construction-site progress. The platform ingests project schedules, designs and site footage to generate a model of an active site and automatically compare on-site conditions to plans, with automated blurring of people for compliance. Buildots offers two-way integrations with planning tools including Oracle Primavera P6, Asta Powerproject and Microsoft Project to enable instant timeline updates and monthly progress reports to validate subcontractor payments. The company says it has operated across North America, Europe, Asia‑Pacific and the Middle East, collecting diverse datasets to improve its AI models. Buildots reported that revenue grew tenfold in 2021 while its customer base expanded to “dozens” of contractors. The team has more than doubled over the past year, recently surpassing 200 employees and planning to reach about 300 by the end of 2022; new funding will be used for product development and expansion in Europe and North America. Buildots is a three-year-old construction-technology company headquartered in Tel Aviv and London that uses AI and computer-vision to monitor construction sites via hardhat-mounted 360-degree cameras. Its algorithms automatically validate captured images against original designs and schedules to detect gaps and out-of-spec work, creating a single source of truth for project teams. The platform surfaces installation errors, helps streamline payments, and aims to reduce blaming and inefficiencies on sites. Buildots is deployed on major building projects across the U.S., U.K., Germany, Switzerland, Scandinavia and China and works with four of the top 10 construction companies globally. The company reported more than 50% quarter-over-quarter growth over the past year in three countries where it operates. To meet demand it plans to continue international expansion, double its global team with a focus on sales, marketing and R&D, and explore applications beyond construction. Buildots is a Tel Aviv- and London-based startup founded in 2018 that uses hardhat-mounted 360-degree cameras and computer vision to modernize construction management. Its software creates a digital twin from architectural plans and schedules and compares site imagery to detect missing fixtures or schedule deviations. The system handles construction-site constraints such as limited Wi‑Fi and three-dimensional positioning by using manual uploads and algorithms to determine floor-level context. The company has 35 employees and has expanded beyond Israel and the U.K. into projects in Poland and upcoming work in Japan. Financially, Buildots has raised $16M total (a previously unreported $3M seed plus a $13M Series A) led by TLV Partners. The team plans to scale the business and turn the data it collects into tools and workflows that support more roles on construction sites.

Participated · Series A · Dec 2019

Teraki builds AI and edge data-processing software that makes applications and algorithms run up to 10X more efficiently on constrained automotive and IoT hardware while preserving data quality for machine learning. Its Intelligent Signal Processing product extracts more information from telematics, video and 3D point-cloud signals with an ultra-low footprint suitable for safety-critical and certifiable embedded systems. The technology is used for predictive maintenance, crash detection, object detection, sensor fusion, AD and ADAS applications, and the company cites engagements with automotive OEMs, Tier 1 suppliers and semiconductor customers. Teraki highlights partnerships with Microsoft and Infineon and says its software enables devices to communicate and accelerate AI up to 10X more efficiently. The company employs about 40 people and will use new funding to grow the team, accelerate the product roadmap and expand into the U.S. and Asia (it recently opened offices in Seoul and Tokyo). Financially, Teraki closed an $11M Series A, bringing total capital invested to $16.3M, and plans to target the $395 billion automotive electronics market while expanding into drones, robotics and other IoT sectors. Teraki develops embedded, pre-processing software that reduces and structures the vast amounts of sensor and control-unit data generated in vehicles so lower-power automotive hardware can process it. When embedded in ECUs, MCUs and TCUs, the software aims to improve vehicle safety and autonomy while lowering operational costs. The company has completed several pre-production validations with premium automotive manufacturers and has performed integrations on a variety of microcontrollers. Teraki plans to use new funding to continue to expand its operations. The company is led by CEO and co-founder Daniel Richart and co-founder/CTO Markus Kopf. As of this round the company has raised a total of $5.3M. Teraki provides AI-based Intelligent Signal Processing software that enables edge data processing and delivers more than a 10X increase in automotive chip, communications and learning performance. Its technology targets resource- and cost-constrained automotive ECUs and networks to make highly accurate AI applications possible at scale in embedded environments. Teraki has completed several pre-production validations with premium automotive manufacturers and chip suppliers and has ongoing proofs of concept with additional OEMs. The company plans to use recent financing to support growth of automotive customer implementations and to accelerate development of its product roadmap. Teraki is privately held, headquartered in Berlin, and was founded by co-founders Daniel Richart and Markus Kopf, who lead a research team of more than 10 researchers. The team emphasizes adapting high-end data-analytics techniques to the constrained automotive infrastructure and other data-intensive IoT markets over time.

Participated · Series A · Oct 2019

Waycare is a Tel Aviv-based, AI-powered cloud SaaS platform that provides connected mobility solutions for transportation agencies. It ingests data from GPS navigation apps, connected vehicles and infrastructure to deliver actionable, predictive insights that identify roads where future crashes are likely to occur. The company’s first commercial deployment was with Southern Nevada in 2017, and it has since expanded to Florida, Ohio and other U.S. states. Waycare was founded in Israel by Noam Maital and Shai Suzan and also operates a Los Angeles office. The company plans to expand services in Europe and Israel in 2020 and will use recent funding to drive expansion in North America and Europe and to enhance its cloud-based platform. In April 2019 it raised a $7.25M Series A. Waycare offers a cloud-based AI-driven transportation management platform that integrates historical and real-time data—traffic light timing, major events, weather, vehicle location, speeds, acceleration/deceleration, counts and occupancies—to produce predictive analytics and actionable insights. The platform gives municipal agencies a full mobility map of their roads regardless of existing infrastructure and helps identify dangerous driving conditions before incidents occur. Waycare is led by CEO Noam Maital and is based in Tel Aviv, Israel, and Palo Alto, CA. The company raised $2.3M in seed funding to support its growth. Waycare plans to expand its Israel-based software development team and support upcoming engagements with cities across the U.S., Europe, and Asia. It also intends to continue growing data partnerships with OEMs, telematics providers, and navigation-solution companies.

Participated · Equity · Aug 2019

Teralytics builds a platform that provides advanced mobility analytics powered by telecom network data, using data science and proprietary machine learning algorithms. The company offers mobility data products for infrastructure developers, transport planners and shared mobility services across more than 10 countries. Led by CEO Alastair MacLeod, Teralytics has offices in Zurich, New York and Singapore. In June 2019 the company raised $17.5M in a funding round. It plans to use the funds to expand its geographic presence and become a global marketplace for mobility insights. Teralytics aims to cover the journeys of more than one billion people as it scales.

Participated · Equity · Jun 2019

eSmart Systems provides AI-based inspection and maintenance solutions for critical energy infrastructure, serving electric utilities and grid operators. The company offers the Grid Vision® portfolio for inspection management and asset information management, using AI, machine learning, and data analytics. Grid Vision enables a data-driven, condition-based approach to infrastructure inspections. eSmart Systems positions its products and services for global utility customers. The company recently raised €30 million and plans to use the funds to accelerate growth. Founded in 2012 and headquartered in Oslo, the business focuses on improving inspection and maintenance workflows for grid operators. eSmart Systems is a Norway-based firm that develops AI-driven inspection and asset-management solutions for utilities. Its core product, Grid Vision, provides inspection management and asset information management with a data-driven, condition-based approach to cut costs, improve safety, improve asset data quality, and extend asset life. The company has more than 20 years in the field and serves global customers, including Naturgy, Xcel Energy, and E.ON. Earlier this year eSmart acquired Stavanger-based Verico, an Enterprise Asset Management company, to strengthen its international presence and expand its platform. The company says the newly raised funds will accelerate commercial development and international growth. Management highlights investor strategic support and the company’s positioning to help grid operators address energy security challenges and increased infrastructure vulnerability from extreme weather. eSmart Systems, based in Halden, Norway, builds AI-powered software for inspections of powerlines, grid maintenance planning, and energy flexibility optimization. The company is led by CEO and founder Knut Johansen and delivers solutions that oversee electricity operations for 48 customers in seven countries, including Norway, Denmark, the United Kingdom, and the U.S. eSmart intends to use the recent funding to expand internationally across American and European markets. The firm is a Microsoft Partner, and its CTO, Erik Aasberg, has been appointed a Microsoft Regional Director. The product set focuses on asset health monitoring and analytics to support grid operators and utilities. eSmart Systems offers a Microsoft Azure–based scalable software platform that processes, analyzes and visualizes large amounts of data in real time to optimize operation and performance of applications. The platform is aimed at the digital energy industry and smart cities. The company serves customers in Norway, Europe and the United States. It is led by founder and CEO Knut H. H. Johansen. In 2015 the company reported a turnover of NOK 40m. Following the investment by Kongsberg Digital, eSmart entered into a partnership to deliver digital development and services for advanced analytics and machine learning to power-sector customers.