Israeli startup Buildots has raised $45 million in a new funding round, bringing its total investment to $166 million since its founding in 2018.
The round was led by Qumra Capital, an Israeli venture capital firm making its first investment in the company. Existing investors including OG Venture Partners, TLV Partners, Poalim Equity, Future Energy Ventures, and Viola Growth also participated. U.S.-based Lightspeed Venture Partners and Intel Capital, which invested $15 million in Buildots last year, did not take part in the latest round. Qumra Managing Partner Boaz Dinte will join Buildots’ board of directors.
The new investment values Buildots at about $300 million, according to industry estimates.
Buildots uses artificial intelligence and computer vision to monitor construction projects. Its system analyzes video footage from helmet-mounted cameras worn by site managers and compares the data with project plans and schedules. The platform tracks progress, identifies potential delays, and detects construction defects, allowing companies to cut project delays by roughly 50%, or about three to four months.
The company’s technology has gained traction amid the global expansion of data centers and chip manufacturing plants, driven by the rapid development of AI technologies. Buildots reported triple-digit growth in the past year, and sources close to the company say it now generates tens of millions of dollars in annual revenue.
Intel’s investment last year coincided with a deal to use Buildots’ platform in managing construction of its new chip fabrication facilities.
Buildots serves major technology companies, which prioritize speed and precision in their operations. As tech-focused firms, they are more likely to adopt new digital tools or encourage subcontractors to use them, compared to traditional construction companies.
The company plans to quadruple its operations in North America in 2025 and expand its customer base, which includes Turner Corp., STO Building Group, JE Dunn, Samet, Mortenson, Ledcor, and Pomerleau. In the United Kingdom, Buildots has strategic partnerships with Sir Robert McAlpine and serves clients such as Wates, Kier, Multiplex, and IHP. In other European markets, clients include VINCI, NCC, Hochtief, GCC, and Bouygues Construction.
Buildots was founded by Roee Danon, who serves as CEO; Aviv Leibovici, chief product and customer officer; and Yakir Sudry, chief technology officer. All three are graduates of Israel’s elite Talpiot military program. The company employs more than 200 people, with 150 based in Tel Aviv and the remainder in Europe and North America.
The new funds will be used to expand the company’s R&D center, recruit additional staff, and accelerate global deployment at construction sites.
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“In the past year, we shifted from project-level deployment to long-term strategic agreements worth millions of dollars with global firms,” Danon said. “We expect this trend to accelerate as the industry moves from reacting to delays to proactively preventing them. This marks a major shift from traditional practices, potentially saving companies billions of dollars in operational costs.”
Dinte, of Qumra Capital, said the firm invested after Buildots demonstrated strong value to large construction companies. “The company has grown rapidly with low customer churn and significant expansion of its platform’s capabilities,” he said.