DigiBuild

About DigiBuild

DigiBuild offers a construction management software that automates material procurement and tracking using blockchain technology, significantly enhancing visibility and efficiency in the supply chain. By reducing material management time by up to 50% and minimizing scheduling delays, the platform addresses the critical issues of cost overruns and project delays in the construction industry.

```xml <problem> Construction projects frequently suffer from budget overruns and scheduling delays due to inefficient supply chain and material management processes. Rising material prices and extended lead times exacerbate these issues, increasing financial risks for contractors. </problem> <solution> DigiBuild offers a construction management platform that automates material procurement and tracking, providing enhanced visibility and efficiency throughout the supply chain. The platform leverages AI to streamline the process of finding, ordering, and managing materials, helping contractors reduce labor hours and material costs. By providing a single dashboard with an audit trail for each transaction, DigiBuild ensures that owners, general contractors, and subcontractors have unprecedented visibility from order to delivery. Predictive scheduling tools further minimize delays by generating "must order by" dates, ensuring materials are available when needed. </solution> <features> - AI-powered material takeoff from drawing sets and job schedules - Supplier marketplace providing quotes from multiple material suppliers - Predictive scheduling tools to determine "must order by" dates - Single dashboard for tracking materials from order to jobsite - Automated paperwork, contracts, and streamlined payments - Material procurement data capture for process improvement </features> <target_audience> DigiBuild targets subcontractors, general contractors, and owners seeking to improve material management, reduce costs, and minimize project delays. </target_audience> ```

What does DigiBuild do?

DigiBuild offers a construction management software that automates material procurement and tracking using blockchain technology, significantly enhancing visibility and efficiency in the supply chain. By reducing material management time by up to 50% and minimizing scheduling delays, the platform addresses the critical issues of cost overruns and project delays in the construction industry.

Where is DigiBuild located?

DigiBuild is based in Dover, United Kingdom.

When was DigiBuild founded?

DigiBuild was founded in 2017.

How much funding has DigiBuild raised?

DigiBuild has raised $4.5M.

Location
Dover, United Kingdom
Founded
2017
Funding
$4.5M
Employees
24 employees
Investors
Cathexis VenturesPicus CapitalDraper AssociatesY CombinatorAria EmikoEmergingHelium 3VenturesInvictaMana Ventures

DigiBuild

8
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

DigiBuild offers a construction management software that automates material procurement and tracking using blockchain technology, significantly enhancing visibility and efficiency in the supply chain. By reducing material management time by up to 50% and minimizing scheduling delays, the platform addresses the critical issues of cost overruns and project delays in the construction industry.

digibuild.com2K+
Founded 2017 – Dover, United Kingdom

Funding

Seed

Announced on July 1, 2022

$4.0M

Investors: Cathexis Ventures, Draper Associates, Picus Capital, Y Combinator, Bluefield Capital, Build Technologies, Chain Reaction, Harvard University, MH Carnegie, OrangeDAO

Seed

Announced on January 1, 2024

$150.0K

Investors: Leonis Investment

Pre-Seed

Announced on Date not disclosed

$340.0K

Investors: Construction & Real Estate Investors

Total Funding

$4.5M

Backed by

Y CombinatorAria EmikoBluefield CapitalBuild TechnologiesCathexis Ventures…

Team (20+)

Pranav Bhakta

Creating Value at the intersection of Hospitality <> Real Estate <> Technology / BIG DATA (Hard & Soft Assets)

Company Description

Problem

Construction projects frequently suffer from budget overruns and scheduling delays due to inefficient supply chain and material management processes. Rising material prices and extended lead times exacerbate these issues, increasing financial risks for contractors.

Solution

DigiBuild offers a construction management platform that automates material procurement and tracking, providing enhanced visibility and efficiency throughout the supply chain. The platform leverages AI to streamline the process of finding, ordering, and managing materials, helping contractors reduce labor hours and material costs. By providing a single dashboard with an audit trail for each transaction, DigiBuild ensures that owners, general contractors, and subcontractors have unprecedented visibility from order to delivery. Predictive scheduling tools further minimize delays by generating "must order by" dates, ensuring materials are available when needed.

Features

AI-powered material takeoff from drawing sets and job schedules

Supplier marketplace providing quotes from multiple material suppliers

Predictive scheduling tools to determine "must order by" dates

Single dashboard for tracking materials from order to jobsite

Automated paperwork, contracts, and streamlined payments

Material procurement data capture for process improvement

Target Audience

DigiBuild targets subcontractors, general contractors, and owners seeking to improve material management, reduce costs, and minimize project delays.

Sources:

1
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