AROUND THE NETWORK: JR Holding invests $1M in AI Clearing

Krakow-based investment firm JR Holding has invested $1 million in BuiltWorlds member AI Clearing, an Austin, Texas-based construction company with Polish roots. The investment is a first for JRH outside of Poland in a company with global reach, MamStartup reports.

AI Clearing was founded in 2019 by Adam Wisniewski and Michael Mazur. The company enables the construction industry to become more efficient by applying artificial intelligence in practice. Its AI Surveyor allows for fully automated construction progress tracking and real-time quality control.

By using the solution, the supervisors can automate and speed up the construction process, it also allows to minimize delays and budget overruns. So far, the company has contracts with the largest construction companies from the USA, France, India, Saudi Arabia, and Poland.

The current deal is debt financing, with an interest rate of 4% per annum and a maturity of 24 months. AI Clearing plans to use the fresh funds to prepare for the upcoming Series A round.

Our Construction Tech Conference is intended to look holistically at how technology is influencing the way we build – from pre-construction through construction functions, in the office as well as in the field. Leading technology adopters, mature solution providers, and upcoming technology solutions gather each year to take the pulse of trends across the industry at the BuiltWorlds Construction Tech Conference.

REGISTER FOR OUR CONSTRUCTION TECH CONFERENCE 

 

ABOUT AROUND THE NETWORK BRIEFS:

BuiltWorlds “Around the Network” Briefings offer BuiltWorlds Members an opportunity to keep the Community informed of their own initiatives, resource offerings, and other things they are excited to share about or collaborate around. We generally pull these posts as “highlights” from Member Company Pages, Innovation Exchange Posts, and other places our members share with us what they are up to.

ABOUT BUILTWORLDS:

BuiltWorlds is the buildings and infrastructure industry’s leading professional network for open innovation, keeping companies in the worlds of engineering, construction and related fields informed and connected, and helping them find avenues to collaborate for their own strategic success and for the betterment of the industry, as whole. For more information about BuiltWorlds, visit the BuiltWorlds Network  or sign up for the BuiltWorlds Newsletter to stay connected to the Community for free.