# Indus.ai

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.indus.ai
- Total disclosed funding: $12M
- Latest round: Series A (Sep 18, 2019)
- Investors on record: 8

## About

Indus.ai, Inc. provides intelligent construction monitoring solutions using AI to enhance efficiency, safety, and productivity on construction sites through data-driven insights and visualizations.Indus.ai, Inc. is focused on delivering AI-powered construction monitoring solutions. Founded in 2017 and headquartered in San Francisco, US, the company has undergone significant growth, culminating in its acquisition by Procore Technologies on May 6, 2021. The founders, Matt Man and Navin Kaminoulu, have contributed their expertise in advancing construction technology. The company has raised a total of USD 8.00 mn through its Series A funding led by Millennium Technology Value Partners, with participation from investors including BootstrapLabs, Foundamental, GroundBreak Ventures, Spero Ventures, and UP2398, among others.Indus.ai offers an AI-driven construction monitoring platform that provides data analytics and visual insights to improve site safety, productivity, and operational efficiency. Their solutions integrate seamlessly with existing construction processes, enabling stakeholders to monitor real-time data for better decision-making across various project phases, including planning, execution, and completion.Indus.ai generates revenue through subscription-based models for its AI monitoring platform, allowing construction firms to access advanced analytics tools. These agreements typically involve annual commitments that may vary in pricing based on user count and specific features utilized. Their strategic partnerships and integrations contribute to enhancing the platform's value proposition to clients in the construction industry.Indus.ai aims to expand its product offerings with new AI capabilities designed to enhance construction site monitoring. The company is also targeting geographic growth in North America and Europe by late 2023, leveraging recent funding to support product development and market entry strategies. Following its acquisition by Procore Technologies, the integration of Indus.ai's solutions into Procore's platform is expected to further accelerate its reach and operational capabilities in the construction sector.

## Funding rounds

- Series A, Sep 18, 2019, $8M — Millennium Technology Value Partners, BootstrapLabs, UP2398, Spero Ventures, Foundamental, GroundBreak Ventures
- Seed, Jul 23, 2018, $3.7M — BootstrapLabs, UP2398, Spero Ventures
- Seed, Nov 20, 2017 — Omidyar Network, BootstrapLabs, Neuron.vc, UP2398

## Investors

- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Seed
- BootstrapLabs (https://capitalatlas.ai/funds/bootstraplabs) — Seed, Series A
- Neuron.vc (https://capitalatlas.ai/funds/neuron-vc) — Seed
- UP2398 (https://capitalatlas.ai/funds/up2398) — Seed, Series A
- Spero Ventures (https://capitalatlas.ai/funds/spero-ventures) — Seed, Series A
- Millennium Technology Value Partners (https://capitalatlas.ai/funds/millennium-technology-value-partners) — Series A
- Foundamental (https://capitalatlas.ai/funds/foundamental) — Series A
- GroundBreak Ventures (https://capitalatlas.ai/funds/groundbreak-ventures) — Series A