Firmus Raises Funding Round
Firmus, a Miami, Florida-based pre-construction AI design review and risk analysis, has raised new round of funding.
Navitas Capital led the funding round, joined by Heartland Ventures, PiLabs, and Unorthodox Ventures.
The company will use the funding to fuel its rapid growth in AI-driven bid-ability and constructability review, alongside expanded capabilities, system integrations, and market penetration efforts.
The investment will enable Firmus to continue to enlarge its coverage of reviews and to expand its reach to general contractors, developers, and AEC communities.
Founded in 2019, Firmus provides a suite of AI tools that scan hundreds of drawing sheets and detect issues in construction documents, such as incomplete designs, scope gaps, and discrepancies. Its AI software is tailored for commercial construction projects and entities, enhancing efficiency and accuracy while mitigating risk. Its easy-to-use platform enables general contractors, developers, and AEC stakeholders to identify and address design issues early. Adopted by some of the largest construction and design-build firms in North America.
Funding Details
Company: Firmus Ltd.
Raised: Undisclosed
Round: Series A
Funding Month: May 2024
Lead Investors: Navitas Capital
Additional Investors: Heartland Ventures, PiLabs, Unorthodox Ventures
Company Website: https://www.firmus.ai/
Software Category: Pre-Construction