# Provision

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

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.provision.com
- Total disclosed funding: $7M
- Latest round: Seed (Oct 16, 2025)
- Investors on record: 3

## About

Based in Canada, Provision specializes in providing advanced artificial intelligence tools for the construction industry, particularly in contract management and risk assessment, enhancing project efficiency and collaboration.Provision, founded in 2022 in Toronto, Canada, develops AI-driven solutions for the construction sector, focusing on contract oversight and risk management. The company has secured USD 7.000 mn in Seed funding, led by Cercano Management, with participation from Y Combinator and One Way Ventures. It has completed one deal as of the most recent deal date, October 16, 2025.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. While the company primarily serves clients in North America, its solutions have applicability in various international markets, catering to a diverse clientele ranging from smaller construction firms to large-scale public-private partnerships (P3s) and commercial complex developers.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. The company’s focus on delivering high-quality intelligence and data integrity has positioned it favorably within the market, contributing to a robust transactional framework with its user base.Provision plans to leverage its recent USD 7.000 mn Seed funding, raised in October 2025, to develop new products that enhance its existing service offerings and target expansion into new geographical markets. Specific markets targeted for expansion include Europe and Asia, with anticipated market entry by 2027. The funding will support product development initiatives and facilitate market research to better understand regional needs.

## Funding rounds

- Seed, Oct 16, 2025, $7M — Y Combinator, One Way Ventures, Cercano Management

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- One Way Ventures (https://capitalatlas.ai/funds/one-way-ventures) — Seed
- Cercano Management (https://capitalatlas.ai/funds/cercano-management) — Seed