SiteAware Overview
SiteAware is a platform that enables real estate developers and owners to lower construction risk and maximize quality and value. SiteAware improves construction productivity using visual tools and analytics. It continuously captures the state of the project using autonomous drones and smartphone-captured images. It then analyzes the data and enables users to share the insights across the organization. The company's digital quality control technology and data analytics combine to identify anomalies and inconsistencies in the field in real time. Developers and construction companies can find construction errors earlier, enabling timely corrective measures and eliminating costly rework.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Oz Alon, CEO of HoneyBook, Jenny Cohen Derfler, CEO of Air Doctor, and Zeev Braude, CEO of SiteAware, spoke on a panel during the Power in Diversity conference about how to build diverse companies from the ground up
The article discusses a panel at the Power in Diversity conference featuring CEOs Oz Alon of HoneyBook, Jenny Cohen Derfler of Air Doctor, and Zeev Braude of SiteAware. The panel focused on the importance of diversity in startups from the founding stage and its impact on recruitment, management, and customer relations. HoneyBook, a company with a diverse founding team, has maintained diversity throughout its workforce, which includes 50% women and 60% women in management. The panelists shared experiences on addressing wage gaps, promoting women in leadership, and the benefits of diversity in traditionally male-dominated industries. The discussion highlighted how diversity contributes to profitability, stability, and creativity within companies.
growth-positive
AI-powered platform improves construction-site accuracy
Tel Aviv-based startup SiteAware has raised $15 million in a Series B financing round for its AI-powered Digital Construction Verification (DCV) platform. The platform creates a digital twin of a building under construction and compares actual work against the digital model to identify construction errors in real time. SiteAware aims to address the problem of cost overruns and delays in construction projects. The company has raised a total of $30 million to date and has notable customers such as Hines and Microsoft. SiteAware is part of the growing construction-tech industry in Israel.
Investment
growth-positive
SiteAware Closes $15 Million Series B Funding Round to Streamline Construction Using AI
SiteAware, a pioneer of Digital Construction Verification (DCV) technology, has announced a $15 million Series B funding round led by Vertex Ventures Israel. The funding will be used to fuel continued growth and establish DCV as a new technological standard in the US construction industry. SiteAwares DCV platform aims to prevent construction errors and improve productivity by generating actionable insights in real time. The company experienced 3X revenue growth in 2021 and expanded its customer base to over forty leading developers and general contractors.
Investment
growth-positive
SiteAware Raises $10M to decrease construction errors, lowering housing prices
Israeli AI construction verification software company, SiteAware, has closed a $10 million Series A investment round led by Axon Ventures and Robert Bosch Venture Capital GmbH. The funding will be used to accelerate the companys expansion in the US market. SiteAwares platform provides real-time, high accuracy verification of construction fieldwork through its digital twinning engine and AI anomaly detection. The company aims to set a new standard for Digital Construction Verification (DCV) to improve quality and mitigate risks in the construction industry. The technology allows for the creation of highly accurate 3D models of construction sites and identifies any inconsistencies between plans and fieldwork. The funding round also included participation from existing investors.
InvestmentExpand
growth-positive
Using drone technology to monitor Texas Tower project
The Wall Street Journal published an article on how commercial property is joining the tech revolution, with a focus on the use of drones. Hines, one of the largest global property developers, is using drone technology provided by Israeli startup SiteAware to monitor its Texas Tower project in Houston. The drones capture digital images that are compared to job specifications to ensure accuracy. The article highlights the benefits of using drones in the industry and includes photos of the technology in action. The use of drones in commercial property is seen as a growth-positive development for Hines.
Partners
| Sector | Industrial Technologies |
Funding
| Total funding | $29.48M |
| Last funding | $1M |
| Stage | B |
| Rounds | 6 |
| Investors | 14 |
Team Members
4
Employees: 51-200
Web & Social Links
| Website | siteaware.com |
| Careers | Careers page |
Locations
Beit Alfa St 19, Tel Aviv-Yafo, Israel
440 Louisiana Street, Houston, TX, USA
Photos & Videos
2 item(s)
