LightTable, an AI-native intelligence for pre-construction, announces it has raised $22m in Series A funding.
The funding round was led by Innovation Endeavors, with participation from Blackhorn Ventures, DivcoWest Ventures and 9Yards Capital, as well as investors Primary Venture Partners, MetaProp and Banter Capital.
“We’re proud to already count many of the country’s leading developers and GCs as partners, and we have big plans for this next phase of LightTable’s growth. I believe it couldn’t come at a more important time for the industry.”
Paul Zeckser, CEO & Co-founder, LightTable
The company is expected to use the new capital to scale its flagship QA/QC product, and grow and develop its team across all functional roles.
LightTable will also accelerate the development of new tools to support growth across the US and international markets.
“As modern construction projects call in a more complex web of stakeholders, the cracks in the industry’s workflow infrastructure have become a can’t-ignore roadblock. When I visit our customers and talk to their project managers, they feel this too: thousands of pages of documents being worked on by dozens of designers and consultants can’t scale.
“The rise of AI-native tooling offers that opportunity, and I’m convinced this is a technology cycle real estate can’t afford to sit out. We’re taking the momentum of our QA/QC tool to all the other areas of pre-construction.
“When AI is deployed well and teams see what it can do, the appetite to apply it in all kinds of other ways becomes a no-brainer. So from LightTable, you can expect a growing product suite in a unified place, where everyone has the insights they need to make decisions more quickly, more cheaply, and more confidently.”
Paul Zeckser, CEO & Co-founder, LightTable
