Attentive.ai, a startup constructing vertical software program for landscaping and building providers within the U.S., has raised $7 million in a brand new funding spherical because it appears to boost its AI-led choices and develop them to extra companies.
Led by Vertex Ventures Southeast Asia and India, the all-equity Collection A spherical, which follows the sooner $5 million seed funding, additionally obtained participation from Attentive.ai’s current buyers: Peak XV’s Surge and InfoEdge Ventures. Moreover, Mumbai-based funding agency Tenacity Ventures has come on board this time by way of a secondary funding.
Landscaping and out of doors providers primarily depend on guide measurements that contain labor and operational prices. Whether or not website measurement or paving upkeep, companies spend a whole bunch of {dollars} and tens of hours earlier than kicking off their tasks to estimate the price, applicable materials and time required. Inaccurate estimates additionally generally result in overbidding and underbidding and influence income objectives. As the actual property business grows, landscaping and out of doors providers corporations search for tech-driven options to convey efficiencies and lower operational bills. Enter Attentive.ai to deal with these wants utilizing AI and laptop imaginative and prescient.
Based in April 2021 with a spotlight particularly on North America, the Delaware-based startup, which has an workplace in India’s Noida, presents an end-to-end enterprise administration platform with AI-based workflows to convey automation to landscaping and building corporations. The platform — already utilized by some main business gamers, together with Juniper, U.S. Lawns, Beary Landscaping, Greenscape, Nanak and East Coast Services, amongst others — helps corporations save time and successfully bid for out of doors contracts utilizing automated website measurements by way of Automeasure. The automation device targets providers comparable to panorama, paving and services upkeep and snow administration.
Corporations utilizing Attentive.ai’s Automeasure can get measurements of properties — be they industrial, retail chains or housing societies — utilizing a Google Maps-like interface from the place they obtain the estimates by trying to find a selected property tackle and defining the lot boundary primarily based on their necessities. Moreover, the device permits customers to manually add blueprints in PDF in order that the software program can hint and decide the amount of fabric required primarily based on the positioning dimension and different parameters. The device additionally lets corporations switch all their current building takeoffs. Moreover, the startup offers a devoted on-site help app, which may be put in on a cellular or pill gadget, to assist the operations group add notes to the sitemaps by geotagging website information, and lets the bottom employees entry real-time information whereas on the go.
Picture Credit: Attentive.ai
Along with Automeasure, Attentive.ai has a flagship, cloud-based enterprise administration software program for landscaping and building corporations. Referred to as Speed up, it automates gross sales processes and operational workflows, provides entry to manufacturing planning with extra time alerts and reside gross sales pipeline monitoring, and prevents ghost clock-ins. The software program can also be built-in with aerial and blueprint takeoffs.
“Earlier, companies used to go on to the positioning, measure the positioning — go in with a measuring wheel and measure your complete website. It used to take hours and days. Now, they will simply enter the tackle of that website. Pc imaginative and prescient will course of all of the obtainable aerial imagery of that website and provide the information… we’re additionally doing generative AI-based automated scheduling of various properties and jobs that corporations have to do,” stated Shiva Dhawan, co-founder and CEO of Attentive.ai, in an interview.
Dhawan co-founded the startup together with Rishabjit Singh (CTO) and Aishwarya Maurya (VP Product Technique) to resolve among the most urgent issues of building and out of doors service companies by way of its software program that helps improve their gross sales and operations.
Up till now, Attentive.ai centered on the landscaping business. Nonetheless, with the brand new funding coming in, the startup has expanded its focus to building operations and began concentrating on common and sub-contractors and suppliers in an business which it considers to be valued at greater than $3 trillion, by way of a device known as Beam AI. It may possibly ship a number of building estimates concurrently after receiving blueprint plans from customers by automating their tracing. On the again finish, the startup has a high quality assurance group that evaluations the auto-generated estimates.
Despite the fact that Attentive.ai is among the few startups bringing automation to landscaping and building operations, the business has had some aggressive options for a while. These embrace Aspire and LMN in landscaping, Bluebeam and StackCT in building and Go iLawn and PropertyIntel in property measurement. Nonetheless, Dhawan informed TechCrunch the startup has an AI-based DNA and is a deep tech AI providers firm, and its group features a background in fintech mapping and insurance coverage.
“We come from an AI-based background the place our power is within the laptop imaginative and prescient area, whereas these corporations don’t have that tech DNA,” he stated.
The startup, the co-founder believes, additionally has the benefit of providing round the clock buyer help from India, which is “extremely cost-effective and dependable.”
Attentive.ai appears to make the most of the fundraising to develop its go-to-market group within the U.S. and widen its headcount of 160, of which 5 are primarily based within the U.S. and the remainder are in India, by hiring extra folks. Moreover, the startup plans to make use of a few of its contemporary capital on product growth.
“Attentive’s progressive expertise leverages Imaginative and prescient AI to drive disruptions in old-economy industries comparable to Out of doors Area Companies and Development. Organisations in these sectors are hungry for expertise options that may drive efficiencies of their companies. Shiva and his group have demonstrated great dedication to addressing their clients’ wants and the delight was evident once we spoke to their clients,” stated Nikhil Marwaha, senior govt director, at Vertex, in a ready assertion.
The startup, with a $4 million annual recurring income fee, has over 500 corporations as its clients throughout the U.S. and Canada, of which about 300 are landscaping, 100 are paving upkeep and 100 are building corporations. It seeks so as to add extra clients by bolstering its product and advertising.
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