Attentive.ai secured $30.5 million in a Series B funding round led by Insight Partners to advance its AI-based construction software and expand into new markets.

Information on the Target

Attentive.ai, headquartered in San Francisco, is a pioneering technology firm that operates Beam AI, an advanced AI-based construction software platform geared toward general contractors, subcontractors, and suppliers. The company recently secured $30.5 million in Series B funding, enabling further innovation in its AI products and facilitating expansion into new markets. Beam AI is currently utilized by over 1,200 contractors and suppliers, achieving remarkable efficiency improvements in preconstruction workflows.

Beam AI's platform is particularly notable for its human-in-the-loop model, which empowers estimators to produce automated takeoffs while enhancing productivity without necessitating additional workforce. By substantially minimizing manual labor, Beam AI allows construction companies to boost their bid volume and concentrate on enhancing strategic outcomes and win rates.

Industry Overview

The construction technology sector is experiencing significant evolution, particularly as businesses increasingly adopt AI solutions to streamline operational processes. In the United States, the integration of AI and automa