nPlan, an AI startup focusing on predicting construction delays, has raised $16 million in funding to enhance operational efficiencies within the construction industry.

Target Information

nPlan is a promising artificial intelligence startup that has recently secured $16 million in funding from notable investors, including CapHorn/Anaxago, Chevron Technology Ventures, GV (Google Ventures), Suffolk Technologies, Pentech Ventures, LocalGlobe, and angel investors Michael Mire and Sir John Parker. Founded by Dev Amratia, nPlan specializes in predicting construction delays, an issue that, while seemingly trivial, has significant implications for efficiency and carbon reduction. The core mission of nPlan revolves around providing a useful, measurable technology aimed at generating real value in the industry.

The philosophy driving nPlan emphasizes collaboration rather than replacement, with the AI designed to assist humans in planning more effectively. This unique approach has been recognized as a significant step towards adopting responsible innovation in a sector often marred by excess and hubris.

Industry Overview in the Target's Country

The artificial intelligence industry in the United States has been experiencing rapid growth and innovation, driven by increasing demand for smart solutions across various sectors, including construction, healthcare, and finance. The market is characterized by a vibrant startu