AI Clearing Sweeps Up $14M in Series A
The company provides progress tracking and quality control software services for the construction industry.
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.”
The company emphasizes its use of machine learning AI systems. “With the integration of drone-captured data, our platform can generate comprehensive 3D site reports that cover 100% of your construction area, enabling more accurate and efficient progress monitoring,” the company’s website explains.
The company says that its software platform provides the following: shorten the period of inputs for actionable reporting, full construction digitization, lower cost of construction supervision, operations planning, and cost reductions.