Disperse, contech firm driven by AI, raises $16M

Abstract

Disperse is an AI-driven construction platform that can track jobsite progress and issue warnings about potential rework using photographs. The company’s funding round was led by London-based venture capital firm 2150. Other contech firms that recently received funding include modular builder Nexii, and software firms Iris Technologies and TestFit. The firm recruited Harsh Vardhan Singh from a former senior product leadership position at Amazon as its new chief product officer. The company has been on a roll in the past year. The CEO of Versatile said that the idea of construction being an industry that is slow to adapt was a ‘misconception.

Disperse, contech firm driven by AI, raises $16M

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Disperse, contech firm driven by AI, raises $16M

constructiondive constructiondive | 1 year ago

Amid an economic climate that has many businesses grappling with uncertainty, contech firms continue to draw investors, as demonstrated by London-based Disperse, which announced Tuesday that it has raised $16 million in new funding. Disperse is an AI-driven construction platform that can track jobsite progress and issue warnings about potential rework using photographs. The company’s funding round was led by London-based venture capital firm 2150. Other participants included existing investor...

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