AI Clearing Sweeps Up $14M in Series A

AI Clearing, which provides cloud-based software services for construction progress tracking and control, announced a $14 million Series-A founding round. Prudence led the round along with FJ Labs and existing investors Tera Ventures, Inovo, and Innovation Nest.

AI Clearing’s technology enables contractors, owners, and lenders to accurately track construction progress and quality in real time, according to the company. “This pain point is particularly acute in AI Clearing’s core market of large infrastructure projects such as utility-scale solar, railways, roads, pipelines, airports, industrial, and power transmission lines. They typically have budgets in the hundreds of millions of dollars, with millions of items to be constructed or installed on-site.”