SiteAware closes $15 million Series B to streamline construction
SiteAware, which develops Digital Construction Verification (DCV) technology, announced on Wednesday a $15 million Series B funding round led by Vertex Ventures Israel, with participation from existing investors Robert Bosch Venture Capital GmbH, Axon Ventures, Oryzn Capital, The Flying Object, and lool Ventures that led the company’s seed round. This round follows a $10 million Series A funding in October 2020. The company was founded by Ori Afek and Zeev Braude and it has offices in Israel and Houston, employing around 50 people, 35 of them in Israel.SiteAware’s DCV platform streamlines construction and prevents errors by generating in-process actionable insights through complete verification of the building’s structure, shell and interiors. SiteAware’s purpose-built digital twinning technology, combined with its proprietary AI, verifies each installed element against the building plans in real time. Field teams receive actionable insights in real time, allowing them to prevent errors and ensure that everything is built according to plans.
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