TwinKnowledge, an AI-based company transforming data intelligence for real estate and the architecture, engineering, construction, and operations (AECO) industries, announced the completion of its $3.7 million Series Seed equity funding round. The funding round was led by Camber Creek, the leading venture capital firm focused on driving innovation in the real estate industry, with participation from Great Wave Ventures.
This funding round will accelerate TwinKnowledge’s product development, expand its market reach, and further establish its AI-powered solutions as indispensable tools for the built environment. As part of the round, Jim Lynch, former Senior Vice President and General Manager of Autodesk Construction, will join TwinKnowledge’s board as an independent director.
TwinKnowledge’s AI agents analyze millions of data points across construction documents, specifications, and other critical project materials, helping building professionals make faster, more informed decisions, reduce inefficiencies, and improve project outcomes. And CEO Dr. Ivan Panushev founded TwinKnowledge in 2023, having previously served as the technology lead for Engineering, Construction, and Real Estate at Amazon Web Services.
Dr. Panushev co-founded Horizontal Systems – which was acquired by Autodesk in 2011 to lay the foundation for BIM 360. And TwinKnowledge is the trusted AI solution for a number of high-profile customers, including the United States Space Force, Toll Brothers, SHoP Architects, and Sound Transit.
The construction and real estate industries generate vast amounts of complex, structured, and unstructured data. And extracting insights from this information has traditionally been a time-consuming and error-prone process, leading to cost overruns, missed deadlines, and compliance risks.
TwinKnowledge’s proprietary AI technology changes this paradigm by delivering precise, real-time insights from construction documents, submittals, requests for information, design documents, and more, automatically validating data against project requirements. Before ground is broken, TwinKnowledge’s AI Agents uncover scope conflicts between contracts, construction documents, and specifications, anticipating and preventing rework before it occurs in the field.
This funding round represents a major milestone for TwinKnowledge, providing the necessary capital to enhance its AI capabilities, expand its customer base, and strengthen its position as a leader in AI-driven project workflows. And the company has support from industry leaders.
KEY QUOTES:
“We are pioneering the integration of AI agents into the AECO industry, leveraging advanced computer vision and large language models to simplify construction document analysis. Our technology significantly reduces errors, accelerates project timelines, and raises the bar for accuracy, efficiency, and productivity.”
– Dr. Panushev, TwinKnowledge’s founder and CEO
“As AI adoption accelerates across industries, the built environment is poised for a major transformation. From automating administrative tasks to predicting project outcomes, AI is becoming a critical tool for improving efficiency and decision-making. TwinKnowledge is leading this shift with intelligent systems that turn data into actionable insights.”
– Jean-Paul Bowgen, Principal at Camber Creek
