Cosuno operates the largest AI-based tendering platform connecting clients and contractors within the construction industry. The platform automates tendering processes for clients, resulting in increased bids and construction cost savings. For contractors, it offers AI-assisted bid creation and access to numerous monthly tenders from top clients.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AFounders
Product
Problem
Construction owners and general contractors often manage tendering manually, leading to time‑consuming paperwork, limited visibility of qualified subcontractors, and suboptimal cost outcomes. At the same time, subcontractors struggle to discover relevant projects and to prepare competitive bids efficiently.
Solution
Cosuno operates an AI‑enhanced tendering platform that digitizes the entire procurement workflow for construction clients, automatically generating tender packages and distributing them to a vetted network of subcontractors. For contractors, the system offers AI‑assisted bid creation tools that streamline cost estimation and document preparation, enabling faster response to opportunities. The platform matches project requirements with subcontractor capabilities in real time, increasing bid volume and delivering average cost savings of around 5‑6 % for clients. All tender data, communications, and analytics are hosted in a secure cloud environment accessible via a web dashboard, allowing stakeholders to track progress, compare offers, and make data‑driven decisions without leaving the platform.
Target Audience
Primary users are construction owners, developers, and general contractors seeking efficient procurement, as well as subcontractors and craft businesses looking for qualified project leads and streamlined bid preparation.
Features
- AI‑driven tender generation that auto‑populates specifications, schedules, and required documents for clients
- Large, verified pool of >250,000 subcontractors with searchable profiles and performance metrics
- AI‑assisted bid drafting that suggests cost breakdowns, material quantities, and compliance checks for contractors
- Real‑time marketplace displaying 4,000+ monthly tenders across more than 30 work categories
- Integrated analytics dashboard showing bid participation rates, projected savings, and contract value trends (average €250,000)
- Secure, role‑based access with end‑to‑end encryption for all tender documents and communications
- API hooks for optional integration with enterprise ERP or procurement systems
- Automated notifications and reminders to ensure deadlines are met and no tender is missed