Investment to Accelerate Growth and Market Penetration
MIAMI, May 15, 2024
/PRNewswire-PRWeb/ -- Firmus, the market leader in pre-construction
AI design review and risk analysis, today announced it closed on
several million dollars in additional funding. The capital raised
will facilitate Firmus' commitment to revolutionizing the way the
industry approaches pre-construction. Navitas Capital led the round
with the participation of Heartland Ventures, PiLabs, and
Unorthodox Ventures. This funding will fuel Firmus' rapid growth in
cutting-edge AI-driven bid-ability and constructability review with
expanded capabilities, new system integrations, and deeper market
penetration. Navitas Capital brings a combination of transformative
technology and innovation experience to support Firmus' ongoing
success as a beacon of clarity in the often turbulent waters of
construction projects.
"Firmus is dedicated to transforming the
pre-construction landscape by infusing every project with
unparalleled AI-driven clarity and precision..."
Founded in 2019, Firmus provides a suite of AI tools that scan
hundreds of drawing sheets and detect issues in construction
documents, such as incomplete design, scope gaps, and
discrepancies. The Company's AI software is designed for commercial
construction projects and entities, increasing efficiency and
accuracy while mitigating risk.
Firmus first launched its pre-construction AI software solution
in North America in 2022. They
quickly won over a rapidly growing community of clients through its
easy-to-use cloud-based platform, which allows users to simply drag
and drop their PDF drawing sets (including architectural,
mechanical, electrical, plumbing, etc.) and receive comprehensive
analysis and detailed reports on detected issues, presented in an
interactive dashboard, for better-informed decision making. Users
manage identified issues within the platform, delegating tasks,
tracking open and resolved issues, and collaborating
efficiently.
"We are thrilled to announce this investment from Navitas
Capital, which will allow us to accelerate innovation, increase the
breadth of our platform, and grow our team," said Shir Abecasis, Founder and CEO of Firmus.
"Firmus is dedicated to transforming the pre-construction landscape
by infusing every project with unparalleled AI-driven clarity and
precision, ensuring every stakeholder, from the architect to the
contractor to the owner, navigates with confidence and efficiency.
This new investment will allow us to create a future in
construction where risk is minimized, and trust is maximized"."
The benefits and use cases for Firmus' unique capabilities
continue to expand as demonstrated in their latest eBook with
industry tech leader Flintco. Firmus continues to expand its
commitment to the construction industry through new integrations
and a broader range of AI and machine learning technology. The
investment from Navitas Capital will enable Firmus to continue to
enlarge its coverage of reviews and to expand its reach to general
contractors, developers, and AEC communities.
"We are excited to partner with Firmus, a proven leader in AI
trained for construction design data. The Firmus team brings
tremendous technical talent to bear in creating products to
alleviate construction design pain points," said Travis Putnam, Managing Partner and co-founder
at Navitas Capital. "Existing solutions offer an approach grounded
in workflow software that enhances collaboration but does not
automate the review process. By leveraging advances in machine
learning, applying their unique technical capabilities, and
building a world-class team, we believe Firmus is well positioned
to deliver next-level automation to design review and influence the
most strategic layers of every construction project."
About Firmus
Firmus is the market leader in pre-construction AI design review
and risk analysis. Firmus' easy-to-use platform enables general
contractors, developers, and AEC stakeholders to detect and
mitigate design issues early. Adopted by some of the largest
construction and design-build firms in North America, Firmus increases efficiency and
bid accuracy while mitigating risk. Securely managed from a single
cloud-based platform, Firmus provides the most reliable and
cost-effective design review AI in the industry. For more
information about Firmus, please visit our website
www.firmus.ai.
Media Contact
Wendi Burke, FIRMUS, 1
000-000-0000, wendi@firmus.ai, www.firmus.ai
LinkedIn
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