# Doxel

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

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.doxel.ai
- Total disclosed funding: $57M
- Latest round: Series B (Aug 11, 2021)
- Investors on record: 6

## About

Doxel Inc. is a US-based company that provides innovative progress tracking solutions for the construction industry, utilizing advanced computer vision technology for accurate project assessments and schedule adherence.Founded in 2016 in Redwood City, US, Doxel Inc. specializes in construction progress tracking solutions. The firm has raised a total of USD 40.00 mn across three funding rounds, with the latest funding round being a Series B of USD 40.00 mn in August 2021, led by Insight Partners with participation from Andreessen Horowitz and Amplo. The CEO and founder, Saurabh Ladha, has a history in technology startups, although other founding details are not specified.Doxel specializes in advanced progress tracking solutions for the construction industry, leveraging computer vision technology to provide accurate assessments of work-in-place against planned schedules. The core offering includes a comprehensive system that integrates with Building Information Modeling (BIM) data, allowing construction teams to capture real-time progress through 360-degree camera footage. This system enables users to identify project delays early, forecast future delays based on historical data, and minimize rework by catching incomplete or out-of-sequence work. Doxel's products cater to a diverse clientele, including notable construction firms such as Layton Construction, Sundt Construction, DPR Construction, and QTS Data Centers. The services are primarily deployed in the North American market, specifically targeting urban construction projects where precision and timely delivery are critical.Doxel generates revenue through a subscription-based model, where clients pay for access to its progress tracking services. These transactions typically involve a contractual agreement that grants construction companies the ability to utilize Doxel's software and associated technologies for ongoing project assessments. The pricing structure accommodates varying project sizes and complexities, allowing firms to select packages that best fit their operational needs. Notable services include the automation of progress tracking and data visualization, integral to client operations in managing construction schedules and improving decision-making processes.In August 2021, Doxel Inc. raised USD 40.00 mn in Series B funding led by Insight Partners, with participation from Andreessen Horowitz and Amplo. The company plans to utilize this funding to expand its workforce in India, scale its artificial intelligence platform, and accelerate hiring across engineering, sales, marketing, and product teams. Doxel aims to enhance its product offerings and is focused on expanding into new geographic markets, particularly in regions with growing construction needs.

## Funding rounds

- Series B, Aug 11, 2021, $40M — Insight Partners, Andreessen Horowitz, Amplo
- Series A, Jan 1, 2020, $12M — Andreessen Horowitz, Amplo
- Seed, Jan 24, 2018, $4.5M — Andreessen Horowitz, SV Angel, Alchemist Accelerator, Steelhead Ventures

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series A, Series B
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Alchemist Accelerator (https://capitalatlas.ai/funds/alchemist-accelerator) — Seed
- Steelhead Ventures (https://capitalatlas.ai/funds/steelhead-ventures) — Seed
- Amplo (https://capitalatlas.ai/funds/amplo) — Series A, Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B