MeltPlan announced that it has raised $14 million to date, including a $10 million seed round led by Bessemer Venture Partners. The round also included participation from noa, with earlier backing from WND Ventures and several angel investors.
The company is focused on transforming the planning phase of construction, an industry valued at approximately $14 trillion globally. According to the company, construction projects frequently encounter delays and cost overruns despite the presence of highly skilled teams and strong execution capabilities.
MeltPlan believes the root cause lies in the way early decisions are made during preconstruction. In many projects, key commitments are made before teams fully understand the constraints involved. The company says this leads to fragmented workflows across different teams and tools, causing problems to surface only after project scope has already been finalized. At that point, changes become costly and difficult to implement.
To address this challenge, MeltPlan is developing what it describes as a “planning engine” for the built environment. The AI-native system is designed to help teams evaluate constraints, simulate tradeoffs, and align stakeholders before committing to scope, procurement, and execution decisions.
The company’s goal is to shift complexity and intensive analysis earlier into the planning stage so that project execution becomes more predictable and less stressful. By enabling teams to test scenarios and identify risks before construction begins, MeltPlan aims to reduce delays, cost overruns, and the need for change orders.
With the new funding, the company plans to continue building its platform and expand its team as it works to modernize decision-making in construction.
KEY QUOTES:
“The $14T construction industry is one of the most important industries in the world, and one of the most chaotic. Over 90% of projects are delayed or over budget. Teams are highly skilled. Execution capability exists. So why does it still break? Because irreversible decisions are made too early, with incomplete information.”
Kanav Hasija, CEO of MeltPlan
