Firmus, a market leader in pre-construction AI design review and risk analysis, announced it closed on several million dollars in additional funding. The funding will facilitate Firmus’ commitment to revolutionizing the industry’s approach to pre-construction. Navitas Capital led the funding round, which included Heartland Ventures, PiLabs, and Unorthodox Ventures.
This funding round will drive Firmus’ rapid growth in cutting-edge AI-driven bid-ability and constructability review with expanded capabilities, new system integrations, and deeper market penetration. And 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.
Launched in 2019, Firmus offers a suite of AI tools that scan hundreds of drawing sheets and detect issues in construction documents, such as incomplete designs, 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 launched its pre-construction AI software solution in North America in 2022. They quickly won clients through its easy-to-use cloud-based platform, which enables 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 interactive dashboard for better-informed decision making. Users handle identified issues within the platform, delegate tasks, track open and resolved issues, and collaborate efficiently.
KEY QUOTES:
“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. 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.”
– Shir Abecasis, Founder and CEO of Firmus
“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. 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.”
– Travis Putnam, Managing Partner and co-founder at Navitas Capital
