Provides a construction draw management platform that integrates 3D technology, AI, and secure APIs to streamline draw inspections, budget tracking, and payment reconciliation. By enabling same-day virtual inspections and real-time progress monitoring, it reduces draw cycle times, minimizes fraud risk, and improves operational efficiency for lenders and construction teams.
Funding
$3.2M 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.
ZVFounders
Product
Problem
Construction lenders and teams face challenges in efficiently managing draw requests, often dealing with slow inspection processes, budget overruns, and potential fraud risks. Traditional methods lack real-time visibility into project progress, leading to delays in payment reconciliation and increased operational inefficiencies.
Solution
Sitewire offers a construction draw management platform that leverages 3D technology, AI, and secure APIs to streamline the entire draw process. The platform facilitates same-day virtual inspections, enabling real-time progress monitoring and proactive budget management. By integrating with existing construction workflows, Sitewire reduces draw cycle times, minimizes the risk of fraud, and improves overall operational efficiency for lenders and construction teams. The platform provides a comprehensive view of project status, allowing stakeholders to make informed decisions and accelerate capital turnover.
Target Audience
Sitewire primarily targets construction lenders, real estate developers, and general contractors seeking to optimize their draw management processes and improve project visibility.
Features
- Virtual draw inspections using 3D site models and integrated visual data
- AI-powered progress tracking and variance analysis against the project budget
- Secure API integrations with accounting and project management systems
- Real-time budget management with automated alerts for potential overruns
- Centralized document repository for all draw-related information
- Mobile applications for offline access and on-site data capture
- Automated payment reconciliation and reporting