AI-powered construction platform Trunk Tools lands $20M in Series A funding to transform the industry with innovative solutions.
New York, USA, August 20, 2024:
Trunk Tools, a pioneering AI platform transforming the $13 trillion construction industry, today announced a $20 million Series A funding round led by Redpoint Ventures, with participation from existing investor Innovation Endeavors. This brings the company’s total funding to $30 million.
Trunk Tools is leveraging advanced AI to streamline construction processes, automate tedious tasks, and improve project efficiency. The platform’s AI agents analyze vast amounts of project data to provide critical information when and where it’s needed, helping to prevent costly delays and rework.
“We are excited to partner with Redpoint Ventures as we accelerate our growth and expand our suite of AI-powered solutions for the construction industry,” said Dr. Sarah Buchner, Founder and CEO of Trunk Tools. “This funding will enable us to develop new AI agents and solidify our position as a leader in construction technology.”
The company also unveiled its latest innovation, the Trunk Tools Schedule Agent, an AI-powered tool that autonomously monitors project schedules, identifies potential issues, and alerts project teams proactively. This agent is designed to significantly enhance project management and reduce the risk of delays.
“Trunk Tools is redefining the construction industry with its innovative AI platform,” said Erica Brescia, Partner at Redpoint Ventures and new Trunk Tools board member. “We are thrilled to support their mission of empowering construction professionals and driving industry-wide efficiency.”
With this new funding and the introduction of the Schedule Agent, Trunk Tools is poised to revolutionize the construction industry and deliver significant value to its customers.
Trunk Tools is an AI-powered platform that transforms the construction industry by streamlining data management, automating tasks, and improving project efficiency. Founded by Dr. Sarah Buchner in 2021, Trunk Tools is headquartered in New York, NY.
Redpoint Ventures is a venture capital firm that partners with visionary founders to build category-defining companies. With a proven track record of success, Redpoint has backed numerous industry-leading companies and is committed to supporting innovative entrepreneurs.