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Founded Year

2018

Stage

Series C | Alive

Total Raised

$106.1M

Last Raised

$60M | 2 yrs ago

About Buildots

Buildots provides a data-driven construction and project management platform. Its platform offers various services such as progress tracking and work planning, enabling users to have a comprehensive and automatically consolidated view of all site data. It primarily serves sectors such as site operations, project management, and finance. The company was founded in 2018 and is based in Tel Aviv, Israel.

Headquarters Location

98 Yigal Alon Street Electra Tower

Tel Aviv, 6789141,

Israel

44 20 3984 9580

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ESPs containing Buildots

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Manufacturing Tech

The reality capture market involves using technology such as drones and cameras to capture physical environments and assets, and transform them into digital twins or reality models. This includes technologies such as 3D scanning, photogrammetry, LiDAR, and laser scanning. These digital representations provide valuable insights for industries such as construction, energy, and agriculture, helping t…

Buildots named as Leader among 11 other companies, including Autodesk, OpenSpace, and DroneDeploy.

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Expert Collections containing Buildots

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Buildots is included in 3 Expert Collections, including Construction Tech.

C

Construction Tech

1,071 items

Companies in the construction tech space, including additive manufacturing, construction management software, reality capture, autonomous heavy equipment, prefabricated buildings, and more

A

Artificial Intelligence

11,617 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

J

Job Site Tech

590 items

Companies in the job site tech space, including technologies to improve industries such as construction, mining, process engineering, forestry, and fieldwork

Buildots Patents

Buildots has filed 4 patents.

The 3 most popular patent topics include:

  • biotechnology
  • electrical safety
  • power cables
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/2/2020

Electrical safety, Project management, Power cables, Biotechnology, Electrical engineering

Application

Application Date

4/2/2020

Grant Date

Title

Related Topics

Electrical safety, Project management, Power cables, Biotechnology, Electrical engineering

Status

Application

Latest Buildots News

Data to information to control: improving construction management

Feb 23, 2024

Data to information to control: improving construction management Justin Stanton Editor, BIMplus 23.02.24 If you turn data into information, you can use that information to exert greater control over a construction project. That was one of the key messages from Buildots at a recent Global Construction Summit webinar focused on performance-driven construction management. Paul Bamforth, head of global strategic accounts at Buildots, kick-started the webinar by detailing what performance-driven construction management is and its benefits. “It’s clear that data can be turned into information, [and information] can be turned into control,” he said. “Performance-driven construction management is really about making a shift from the reactive way, which has been perhaps the only way of reacting to projects falling behind schedule, to being a bit more proactive. “[We can] be a bit more proactive in terms of the management to identify delays early on, because what might be a problem today could be an even bigger problem tomorrow.” He added: “Let’s measure regularly, let’s use the information that we might have from progress information, and start identifying and analysing what the consequences are or what the issues are or could be. Let’s analyse that, then optimise. Do we need to put more people on? Do we need to look at the sequences that we have and the work that we’ve got in place to maximize utilisation of the site? It’s about being proactive.” Andy Steele, strategic adviser and former chief executive of Osborne, illustrated the difference between traditional construction management and performance-driven construction management: “The human eye is incapable of determining whether something is 47% complete or 51% complete. [The difference between a trade being 51% complete and 47% complete] is two and a half weeks behind [schedule] – that’s the lagging indicator. The leading indicator? It’s six months behind at that production rate.” He highlighted the issue of trades returning to site: “What is causing that return visit? Is it a design issue? Is it a performance issue? [We need to] understand those returns, understand why we’re going back to make good certain areas, and learning from those. We see regularly that we can design out some of those return visits. A simple example, ductwork: rather than having to manufacture the last section, which is an on site measure, design in a flexible final fitting. It costs more, but speeds up production. So think about performance.” Paul Drayton, head of digital – Europe, at Laing O’Rourke, drew on his experience outside construction to illustrate the difference in mindset: “I’ve seen in construction, and in defence, aerospace and nuclear, we focus on the lagging measures, which report performance, they report output. The challenge is, if our performance has fallen short, we’ve missed the opportunity to do anything about it – the horse has bolted. “Then because we haven’t got the metrics that underpin that, we start reacting to opinions rather than dealing with facts and data and evidence to make informed decisions. By the time we start to see performance being impacted, it’s probably the last link in a chain of a whole sequence of complicated activities – it was probably born weeks, maybe even months upstream where a design error was introduced or a material wasn’t ordered on time. “So it’s important to measure the output performance to understand how you’re getting on, but actually, I think we need to understand what are the key drivers of lost performance, and we need to we need to actively manage those. That’s the leading measure for me.” Gareth Handley, director of operations at Wates Group, outlined what Wates wants from information: “What we’re looking for and what I’m principally focused upon is really a single source of truth: having something that allows us to really measure our projects and understand exactly what’s happening. We want to be able to see where our projects are going. We want to be able to see that at a very global scale, and have really clear and defined information, but we also want our teams to be able to use that information. “We’re looking for information that allows us to save time, particularly with the way that we plan our works and record where we are on our projects, because it can be very time-consuming, particularly on larger projects. We also want clear and concise information: information that can be used at a high level to understand where the project is and where it’s going, and more importantly, see those trends. We want [information] that the teams on the ground can utilise and share with their supply chain partners in collaboration meetings.” He offered this plea to technology providers: “Please don’t make anything complicated, ever. As builders, we’re not concerned with how it works; I’m interested in it being accurate.” The webinar was part of the Global Construction Summit, organised by the Chartered Institute of Building and GCR, and was sponsored by Buildots .

Buildots Frequently Asked Questions (FAQ)

  • When was Buildots founded?

    Buildots was founded in 2018.

  • Where is Buildots's headquarters?

    Buildots's headquarters is located at 98 Yigal Alon Street, Tel Aviv.

  • What is Buildots's latest funding round?

    Buildots's latest funding round is Series C.

  • How much did Buildots raise?

    Buildots raised a total of $106.1M.

  • Who are the investors of Buildots?

    Investors of Buildots include TLV Partners, Maor Investments, Lightspeed Venture Partners, Future Energy Ventures, Viola Growth and 11 more.

  • Who are Buildots's competitors?

    Competitors of Buildots include viAct, Airworks Solutions, OnSiteIQ, AI Clearing, Newmetrix and 7 more.

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Compare Buildots to Competitors

HoloBuilder Logo
HoloBuilder

HoloBuilder provides a construction management platform. The company offers reality-capturing solutions for progress documentation and construction project management. It enables constructors, engineers, and clients to virtually visit a site anytime. HoloBuilder was formerly known as Bitstars. The company was founded in 2016 and is based in Lake Mary, Florida. On June 2021, HoloBuilder was acquired by Faro Technologies.

v
viAct

viAct focuses on providing automated construction management solutions, utilizing artificial intelligence (AI) for video analytics. The company's main services include AI-powered surveillance and monitoring for risk-prone workplaces, offering solutions that help reduce accidents, optimize costs, and track environmental non-compliances. These services are primarily offered to sectors such as construction, oil & gas, manufacturing, facility management, and mining. It was founded in 2019 and is based in Kwun Tong, Hong Kong.

OpenSpace Logo
OpenSpace

OpenSpace specializes in artificial intelligence (AI) enabled analytics in construction. The company offers services that allow for comprehensive visual documentation of construction sites, enabling verification of work-in-place, simplification of dispute resolution, and team accountability. Its AI enabled tools provide visibility and insights, including the ability to compare Building Information Modeling (BIM) to as-built structures, automatically track progress, and maintain schedules. It was founded in 2017 and is based in San Francisco, California.

A
AI Clearing

AI Clearing is a company that focuses on the application of artificial intelligence in the construction industry. The company offers a software-as-a-service platform that uses machine learning technology to monitor construction progress. It also uses various digital data formats to execute automated, advanced 4D geospatial analytics. The company was founded in 2019 and is based in Austin, Texas.

BeamUp Logo
BeamUp

BeamUp develops an artificial intelligence (AI) enabled company operating in facility intelligence. The company offers a platform that provides full facility observability and insights, leveraging unified, aggregated facility data and AI to empower physical security, information technology (IT), and facilities management teams to make data-driven decisions. BeamUp serves large-scale organizations. It was founded in 2019 and is based in Tel Aviv-Yafo, Israel.

OnSiteIQ Logo
OnSiteIQ

OnSiteIQ is an online platform to allow construction companies to inspect a site through 360-degree imagery to track progress and perform safety analysis. It offers floorplan mapping, monitoring and reporting, verification, and more. It was founded in 2017 and is based in New York, New York.

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