Energy giant E.on is one of three new investors in construction technology provider HoloBuilder.
The Californian firm, a leading artificial intelligence solution provider for 360-degree reality capture of construction projects, has partnered with E.on, venture capitalist Foundamental and Germany’s NRW.Bank.
The new investments will foster Holobuilder’s expansion into new regions across the globe.
“Besides growing our team, the investments will enable us to build out even more powerful AI-based construction technology solutions for enterprises around the globe, providing them with mission-critical insights to secure ROI,” said Mostafa Akbari-Hochberg, CEO and founder of HoloBuilder.
HoloBuilder’s mobile JobWalk App enables construction teams to create a digital replica of their project, covering all phases of the building lifecycle and a claimed 80%+ saving on documentation time.
The captured digital construction project can be analysed with SiteAI, HoloBuilder’s artificial intelligence technology. It is claimed this combination makes HoloBuilder the fastest and most insightful solution to document construction projects in a secure SaaS cloud environment.
“The digitisation of construction projects offers a high, yet unexploited potential. By investing in HoloBuilder, we are ideally positioned to digitize our projects, making them even more efficient, faster and more customer-oriented,” said Thomas Birr, head of strategy and Innovation at E.on. “I am convinced that we will benefit greatly from HoloBuilder’s expertise and unique portfolio of solutions. We are looking forward to deploying the HoloBuilder solutions internationally.”
HoloBuilder is a San Francisco-based construction technology company that designs, develops, and sells enterprise SaaS software. HoloBuilder is being used by 59 of the largest 100 general contractors in the US. Its investors also include Brick and Mortar Ventures and Tandem Capital.