SiteAware

SiteAware provides a digital twin platform, Digital Construction Verification (DCV), to provide insights to maintain and monitor a building’s structure, shell (facade), and interiors. Using its proprietary AI, drones, and robotic cameras, it verifies installed elements in the building against the plan in real time. The company aims at reducing reworks, improving processes, and assisting in decision-making. 

The company operates a B2B business model targeting its services toward investors, real estate developers, and general contractors in the construction industry. As of November 2022, the company had verified around 16 million square feet and made more than 21,000 observations. 

Key customers and partnerships

The company’s key customers include Gilbane, Hines, Brookfield, Granite, and Bjarke Ingels Group. 

In 2017, the company partnered with construction productivity software company, PlanGrid, to integrate the PlanGrid software into the SiteAware platform. During the same year, the company also partnered with cloud-based application provider Procore to integrate SiteAware in Procore’s platform and thereby expand its customer base. 

Funding and financials

The company raised USD 15 million in January 2022 in a Series B funding round led by Vertex Ventures Israel. The new funds were allocated toward growing its DCV platform across the US. The company experienced 3x revenue growth YoY in 2021 and its customer base grew to more than 40.