Workorb, a Toronto-based startup transforming how companies in the Architecture, Engineering, and Construction (AEC) industries leverage their project data, announced the successful closing of its seed funding round over the summer. The funding round was led by Metavallon VC and Freedom of Innovation Ventures (by Sang Kyun Cha, the founder of SAP Hana).
Over the past few decades, AEC firms have amassed troves of data from previous projects. And these datasets are highly diverse, including Requests for Proposals (RFPs), proposals, project reports, designs, and 3D Building Information Models (BIM), representing essential company knowledge that often goes underutilized. Workorb has created a breakthrough technology that cleans, processes, organizes, and curates this data automatically, with zero human intervention, making it AI-ready.
By utilizing this data, Workorb helps optimize crucial corporate workflows, starting with business development. And the company’s solution streamlines and automates the entire business development process for AEC firms, covering tasks from RFP qualification and response drafting to quality checks and draft contract review. This AI-powered platform allows firms to boost efficiency, reduce manual effort, improve proposal outcomes and pursue a larger volume of opportunities / RFQs.
After working closely with AEC design partners to build and refine its product, Workorb is now ready for the next phase of its journey. And the newly raised funding will be utilized to expand sales and product development efforts, accelerating the company’s mission to unlock the potential of AEC firms’ data.
KEY QUOTE:
“We’re thrilled to have Matavallon VC and Freedom of Innovation Ventures onboard as partners. Their support validates our vision of empowering AEC firms to fully harness their data, streamline key workflows, and ultimately drive business growth.”
- Nick Koudas, CEO of Workorb
