Out of a field of 10 startups and before a panel of 10 judges, construction tech firm Togal.AI won the start-up pitch competition this week at The Big 5, a global construction event in Dubai.
The prize was a "bespoke and curated marketing package worth $25,000," according to the event's organizers. Part includes the possibility of being chosen by ALEC Engineering & Contracting for a pilot project.
"Togal.AI uses machine learning to automatically estimate construction plans and take-offs — compressing weeks of work into mere seconds," a company press release said. "Estimators at Coastal Construction, the largest General Contractor in Florida, used Togal to cut their workload by 40 percent – saving around $1 million per year and 10,000 hours of work."
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