Search company, investor...

Founded Year

2015

Stage

Series B | Alive

Total Raised

$28.5M

Last Raised

$15M | 2 yrs ago

About SiteAware

SiteAware provides digital construction verification. The company offers a platform that generates real-time intelligence to identify deviations between construction plans and actual fieldwork, aiming to eliminate costly rework, reduce risk, and enhance productivity. It facilitates a construction support system that provides automated verification. It primarily serves the construction, real estate development, and investment sectors. It was formerly known as Dronomy. It was founded in 2015 and is based in Austin, Texas.

Headquarters Location

4009 Banister Lane Suite 280

Austin, Texas, 78704,

United States

713-930-4330

Loading...

ESPs containing SiteAware

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…

SiteAware named as Outperformer among 11 other companies, including Autodesk, OpenSpace, and DroneDeploy.

Loading...

Expert Collections containing SiteAware

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

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

C

Construction Tech

1,067 items

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

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

A

Aerospace & Space Tech

2,709 items

These companies provide a variety of solutions, ranging from industrial drones to electrical vertical takeoff vehicles, space launch systems to satellites, and everything in between

SiteAware Patents

SiteAware has filed 4 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/10/2015

4/25/2017

Unmanned aerial vehicle manufacturers, Medical imaging, Infrared imaging, Avionics, Airborne military robots

Grant

Application Date

11/10/2015

Grant Date

4/25/2017

Title

Related Topics

Unmanned aerial vehicle manufacturers, Medical imaging, Infrared imaging, Avionics, Airborne military robots

Status

Grant

Latest SiteAware News

Mind The Data Gap: Eliminating Construction Errors With AI

Apr 6, 2022

With the construction industry already bogged down due to pandemic-related schedule delays and labor shortages, contractors don’t want to be further slowed down by avoidable errors. In 2021, rework accounted for  30% of the work on a typical construction project. Much of that has been due to mistakes arising from avoidable gaps between plans and fieldwork. SiteAware , a provider of real-time error prevention technology, seeks to “close the gap” and eliminate the risk of rework by providing data insights to construction teams in real time , when it makes the most difference. “Rework creates a level of uncertainty that all parties on a project — from developers to general contractors and subcontractors — try to manage by compromising on cost, schedule and quality,” CEO Zeev Braude said. “We’re giving construction teams a support system that allows them to get observations and prevent errors on everything built on-site that deviates from the plans. This can be construction errors, things that may have been forgotten, clashes between the trades and any other discrepancies that are occurring between the plan and the field.”  Braude said that SiteAware reduces rework by verifying the consistency of fieldwork to plans on a digital twin . The twin is used to check all of the elements on the core, shell and interior of the building, while the AI within the platform verifies that the work happening in the field is aligned with the plans in real time. The information, complete with action items that need to be addressed, is then pushed to an interactive web portal for easy access by the superintendent or manager on-site. Once the person in charge receives the actionable insights, Braude said, they can view any inconsistencies and relay the information to the workers before completing a major action, such as a concrete pour, a facade installation or boarding up drywall. Once everything is addressed and verified in the field, the managers can update the data and move on with the project, having prevented these errors. “All of this is happening in real time in a way that doesn’t interrupt daily fieldwork and gives construction teams data that they can use while all of the teams are on-site working,” Braude said. Doron Klein , an architect and vice president of marketing at SiteAware, said that in addition to preventing errors, the platform helps create productive discussions and positive relationships among the trades. With the data provided, managers can dig deeper into how people are coordinating with one another and get a clear picture of what happens on-site to avoid miscommunication and strained relationships. “Much of construction is about contracts and relationships between different parties, and when you don’t have data to back up the decisions being made, a lot of the work depends on people’s ability to get each other to do what needs to be done,” Klein said. “Having this data takes the finger-pointing and blame out of interactions and allows people to handle day-to-day interactions in a straightforward, fact-based manner.” Braude added that having the technology to verify the work allows companies to leverage their workforce and guide new hires with measurable standards for fieldwork. This is particularly important as the industry continues to experience rampant labor shortages. “The platform helps to erect virtual guide rails so that less-experienced people can ultimately complete the job the way it was intended," Braude said. "This is because the platform is catching when they deviate in time to get them back on track." While SiteAware has been on the market for less than three years, Braude said, the company is currently working with more than 30 of the top general contractors and developers in the industry. While some of SiteAware's customers started using the tools as a way to verify data for one or two buildings, many have progressed to using it as a standard for the entirety of their field operations. “General contractors and developers see the immediate benefit and acceleration in their schedule as well as confidence in handling unpredictability,” Braude said. “We’re giving them an answer to many of their challenges.” In addition to the impact of digital construction verification on fieldwork, Braude said, it is also making an impact on strategic planning . DCV analyzes the element-level data gathered in order "to reveal patterns that help managers uncover bottlenecks, prioritize fixes, and make better decisions about everything from the subcontractors they choose to where they can improve project coordination." Klein said that the company is currently working with general contractors and developers who see this as a "must-have" for their new development projects. Braude added that the company just closed $15M in Series B funding to be allocated toward growing the team and increasing the platform’s usage within the U.S. “Real estate’s investment in technology is pretty small as compared to other industries, and I believe that once the industry leverages technology in construction, as other industries have, it will lead to productivity gains rivaling those seen in the other industries,” Braude said. This article was produced in collaboration between Studio B and SiteAware . Bisnow news staff was not involved in the production of this content. Studio B is Bisnow’s in-house content and design studio. To learn more about how Studio B can help your team, reach out to studio@bisnow.com . Contact Elizabeth Reyn at elizabeth.reyn@bisnow.com

SiteAware Frequently Asked Questions (FAQ)

  • When was SiteAware founded?

    SiteAware was founded in 2015.

  • Where is SiteAware's headquarters?

    SiteAware's headquarters is located at 4009 Banister Lane, Austin.

  • What is SiteAware's latest funding round?

    SiteAware's latest funding round is Series B.

  • How much did SiteAware raise?

    SiteAware raised a total of $28.5M.

  • Who are the investors of SiteAware?

    Investors of SiteAware include Lool Ventures, Oryzn Capital, Robert Bosch Venture Capital, The Flying Object, Vertex Ventures Israel and 10 more.

  • Who are SiteAware's competitors?

    Competitors of SiteAware include OnSiteIQ and 6 more.

Loading...

Compare SiteAware to Competitors

Buildots Logo
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.

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.

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.

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.

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.

Nodes & Links Logo
Nodes & Links

Nodes & Links provides project delivery solutions. The company maintains project performance by building intelligent platforms to enable project delivery. It also helps organizations analyze the risks of complex interactions. It was founded in 2018 and is based in Cambridge, United Kingdom.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.