Found, a startup focused on building an AI-powered atozmp3 search platform for the construction industry, has raised $19 million in a Series A funding round led by Sequoia Capital. The round was also joined by existing investor, Craft Ventures, and new investor, Construction Innovation Ventures.
The construction industry is one of the largest in the world, but it has been relatively slow to adopt new technologies. Found aims to change that by creating a platform that makes it easier for construction professionals to find the information they need quickly and efficiently.
The company’s platform uses machine toonily learning algorithms to scan through thousands of construction documents, including plans, specifications, and contracts, to identify and extract key information. This information is then organized and presented in a user-friendly interface, making it easy for users to find what they’re looking for.
The platform is also designed to learn from user behavior, so it can continually improve its recommendations over time. For example, if a user frequently searches for information on a specific topic, the platform will learn to prioritize that type of information in its search results.
Found was founded in 2017 by Ann Azevedo, a former journalist and tech investor who has also worked at TechCrunch and the Silicon Valley Business Journal. Since then, the company has been building out its platform and working with masstamilanfree customers in the construction industry to refine its technology.
With the new funding, Found plans to expand its team and further develop its platform. The company also plans to use the funding to build out its sales and marketing capabilities, with a particular focus on reaching new customers in the construction industry.
“Construction is a massive industry that has yet to undergo the digital transformation that many other industries have seen,” said Azevedo. “Our goal is to change that by building a platform that makes it easier for construction professionals to find the masstamilan information they need to do their jobs more efficiently and effectively.”
Sequoia Capital, which led the funding round, is one of the most well-respected venture capital firms in Silicon Valley. The firm has backed some of the biggest names in tech, including Apple, Google, and Airbnb.
In a statement, Sequoia Capital partner Jess Lee praised Found for its “innovative approach” to solving the challenges facing the construction industry.
“Found is using cutting-edge AI justprintcard technology to bring the construction industry into the 21st century,” said Lee. “We’re excited to partner with Ann and her team as they continue to build out their platform and help transform this massive industry.”