# TrueBuilt Software

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

- Industry: Software
- Headquarters: Huntington Beach, US
- Website: www.truebuiltsoftware.com
- Total disclosed funding: $4M
- Latest round: Seed (May 19, 2023)
- Investors on record: 3

## About

Based in California, US, and founded in 2022 by co-founders Jon Sibley and Julian Prokay, TrueBuilt Software, Inc. operates as a provider of preconstruction design and management services for commercial and residential builders using artificial intelligence. In August 2023, TrueBuilt Software, Inc. raised USD 4 million in seed funding led by investor Bienville Capital Management, with participation from other investors Fifth Wall Ventures and Marek Brothers Systems, LLC.
 
The flagship product of TrueBuilt Software is an integrated preconstruction platform that encompasses various essential features. The platform includes AI-powered takeoff tools that facilitate live collaboration among team members, enabling efficient and accurate project analysis. Additionally, the smart cost estimation tool aids in creating precise estimates, while the AI Assistant empowers users to rapidly analyze project data, spec books, and historical cost databases. Bid management, qualification, and risk management, as well as collaboration tools, further enhance trade partner communication and decision-making.
 
The company plans to use the August 2023 funding to expand its market reach and its AI-based tool for pre-construction estimates called TB Assistant.

## Funding rounds

- Seed, May 19, 2023, $4M — Bienville Capital Management, Fifth Wall Ventures, Marek Brothers Systems, LLC

## Investors

- Bienville Capital Management (https://capitalatlas.ai/funds/bienville-capital-management) — Seed
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Seed
- Marek Brothers Systems, LLC — Seed