INTC - Intel Invests In Israeli AI Construction Startup Buildots - What's On The Cards? | Benzinga
Buildots, an Israel-based AI construction software company, has announced a $15 million investment led by Intel Inc’s (NASDAQ:INTC) Intel Capital, with participation from OG Tech Partners and previous investors.
Lisa Cohen, Investment Director at Intel Capital, will join as a board observer. Buildots aims to address inefficiencies and enhance performance measurement in the construction industry.
The company’s AI-powered progress tracking and advanced analytics software offer precise oversight, reducing delays and costs.
“Intel Capital has recognized that the construction industry, a fundamental pillar of the global economy, has not yet fully benefited from the digital age,” said Roy Danon, co-founder and CEO of Buildots.
“Over the past five years, Buildots has been at ...