AI Clearing

Overview
News
Construction Tech?
Product stageSegments
Early
?
Data Capture and Analytics
?

AI Clearing is an artificial intelligence company focused on transforming construction project management through automated progress tracking and quality control. The company's proprietary AI-powered platform, AI Surveyor, analyzes data from drone imagery, on-site mobile apps, and project designs to provide daily automated updates on construction progress for large infrastructure projects. This technology compares actual on-site progress to design blueprints, budgets, and schedules, enabling real-time identification of delays, discrepancies, and potential issues.

The platform is particularly suited for large-scale infrastructure projects such as utility-scale solar farms, railways, roads, energy transmission lines, and industrial sites. AI Clearing's technology aims to address inefficiencies in traditional manual progress tracking methods, which typically cover only 5-10% of a construction site monthly. By automating this process, the company claims to achieve up to 20% faster project delivery and 5% construction cost reductions for its clients. As of October 2023, AI Clearing reported working with five of the world's top 20 largest construction firms, including Bechtel and PCL Construction.

In November 2023, AI Clearing became the first technology company to obtain the FDIS ISO 42001 certificate for its AI management system, demonstrating its commitment to responsible AI implementation. The company's data sets include over 15 million labels covering an area equivalent to 154,000 football fields, with over 5,000 machine learning iterations conducted in 2023.

Key customers and partnerships

AI Clearing has established partnerships with several major players in the construction industry. In December 2022, the company announced a multi-year partnership with PCL Construction's Solar Division to implement its AI Surveyor solution across PCL's entire solar project portfolio in North America and Australia.

The company also works with French construction giant VINCI and Portugal's oil and gas company Galp. In 2023, AI Clearing signed a contract with NEOM, a planned urban development project in Saudi Arabia, which is considered one of the largest construction sites worldwide, involving over 200 projects to be built over the next decade.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Chevy Chase Dr, Austin, TX 78752, US Austin TX USA
Founded year:
2020
Employees:
51-100
IPO status:
Private
Total funding:
USD 17.5 mn
Last Funding:
USD 14.0 mn (Series A; Oct 2023)
Last valuation:
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