Provision

Provision, founded in 2022 in Toronto, Canada, develops AI-driven solutions for the construction sector, focusing on contract oversight and risk management.Provision's core offerings center around advanced tools designed for the construction industry, primarily focusing on contract management and risk assessment. Its flagship products include the Project Review tool and the Scope Agent, which facilitate the organization and review of contracts, specifications, drawings, and addenda. These tools are engineered to identify potential risks that could adversely affect project profitability and minimize costly scope gaps, thereby enhancing collaboration among stakeholders. The Chat Agent further enriches user experience by providing accurate responses to complex, construction-specific inquiries related to project documents. Provision's products are particularly valuable for pre-construction teams and legal groups, enabling them to streamline their workflows and ensure thorough risk management.Provision's revenue streams are primarily derived from subscription-based access to its software tools and services, structured to accommodate both individual users and larger enterprises. Clients engage in transactions that involve annual or monthly subscriptions for continued access to the Project Review, Scope Agent, and Chat Agent functionalities, allowing for scalable usage depending on project requirements. The pricing model enables clients to choose plans that align with their operational needs, thereby ensuring flexibility and efficient resource allocation. Partnerships with construction firms and legal teams further enhance revenue potential, as these collaborations often lead to tailored solutions that address specific client challenges. Specific markets targeted for expansion include Europe and Asia, with anticipated market entry by 2027.

1. Seed

   Oct 16, 2025

   Amount

   $7M

   Investors

   Locked