BuildVision Secures $10M to Modernize Construction Procurement
Slice of Construction Team
03/28/2025
Key Highlights:
- $10M Series A funding led by Norwest Venture Partners, bringing total to $13.8M
- Focus on AI-powered automation and engineering hires to scale platform
- Targeting top 100 ENR contractors and expanding supplier partnerships
- Contractors can cut costs by up to 20% and streamline procurement
- Real-time visibility and supplier collaboration across multi-site projects
Source: PR Newswire
Quotes
“ "Construction is one of the largest industries still plagued by inefficient, manual procurement... BuildVision offers a unique value proposition that helps contractors simplify the procurement process..." ”
Sean Jacobsohn, Partner at Norwest Venture Partners
Why This Matters:
The construction sector remains one of the last major industries to digitize its procurement processes. BuildVision's AI-powered platform addresses long-standing inefficiencies by transforming manual, fragmented workflows into a data-driven system that boosts transparency, reduces costs, and accelerates timelines. With fresh funding and strong industry backing, BuildVision is poised to become the critical procurement infrastructure for enterprise-level contractors navigating a $300 billion market.
