Buildots’ typical customers are general contractors. The way the company generates revenue is by charging subscription fee for each project they’re working on, depends on the size and the complexity. Between 2019 and 2021 the company grew 10x each year and they expect to do 4x this one.The company’s three cofounders, Roy Danon, Yakir Sudry , and Aviv Leibovici served in the Israeli Defense Force’s elite Talpiot program together, and studied computer science together at the same university.
The Tel Aviv-based company currently employs 200 people. Previously it has raised a $30 million in Series B in August of 2021, a $13 million Series A in second half of 2020, and a $3.2 million seed round at the end of 2018. With the $60 million Series C round the total amount of equity investment in the company has grown to over $106 million.
Natalie Refuah, general partner at Viola Growth, which led the Series C, says that though the construction industry is a space going through a lot of changes, it also one where not a lot of on-site technology was able to enter. “There is technology and software mostly in the back office of construction field, but not so much on the actual sites,” Refuah says. “Buildots is one of the first with great technological platform able to give real value to the general constructors to really understand whats going on on the site and compare it to the plan to become more precise and more efficient.”
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