# BuildAI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/buildai

- Industry: Software
- Headquarters: Australia
- Website: www.buildai.construction
- Total disclosed funding: $1.5M
- Latest round: Seed (Jun 28, 2021)
- Investors on record: 5

## About

BuildAI specializes in advanced software solutions aimed at enhancing crane operations within the construction industry, promoting efficiency and safety across various project sites.BuildAI is a technology company focusing on optimizing crane operations for construction projects. Founded by Kristian Butcher, the company is based in Australia. In June 2021, it raised AUD 1.96 mn in Seed funding from investors including Marr Contracting Pty. Ltd and Galileo Ventures, contributing to a total amount raised of AUD 1.96 mn and a current valuation of AUD 9.186 mn.BuildAI offers a suite of advanced software solutions designed to enhance the efficiency and safety of crane operations within the construction industry. Their core product, Critical Path Optimisation Software, automates tracking of project activities and re-forecasting, which is critical for managing timelines and resource allocation. Another key offering, CraneCast, provides remote visibility and transparency across multiple construction sites, enabling project teams to maintain real-time insights into operations. These tools facilitate data-driven decision-making, optimize material movements, and enhance logistics management. BuildAI's clients primarily include construction firms, project managers, and contractors operating in markets such as North America, Europe, and Asia-Pacific, where there is a growing demand for technological advancements in construction management.BuildAI generates revenue through subscription-based models for its software solutions, allowing clients to access ongoing updates and support. Transactions typically occur on a B2B basis, where construction companies integrate BuildAI's products into their existing workflows to improve operational efficiency. The pricing structure is based on tiered subscription plans, which provide varying levels of access to features like automated insights and real-time monitoring capabilities. Flagship products like the Critical Path Optimisation Software and CraneCast are central to the company’s revenue model, as they address critical pain points in construction management. This approach not only fosters long-term partnerships with clients but also positions BuildAI as a key player in the digitization of the crane industry.Following the Seed funding raised in June 2021, BuildAI plans to focus on enhancing its capabilities to assist project managers in better understanding site resourcing and timeframes. The company is developing new products aimed at providing even greater insights into construction operations, although specific release dates have not been disclosed. Additionally, BuildAI is targeting expansion into new geographic markets, particularly in Europe and the Asia-Pacific regions, to meet the rising demand for construction technology solutions.

## Funding rounds

- Seed, Jun 28, 2021, $1.5M — Galileo Ventures, Marr Contracting Pty. Ltd, Bai Consortium Pty Ltd, Ozeboats Pty Limited, Rahj Holdings Pty Ltd

## Investors

- Galileo Ventures — Seed
- Marr Contracting Pty. Ltd — Seed
- Bai Consortium Pty Ltd — Seed
- Ozeboats Pty Limited — Seed
- Rahj Holdings Pty Ltd — Seed