AI SaaS Startup Attentive.ai raises $7 Mn led by Vertex Ventures
Category: Business News, Posted on: 12/02/2024 , Posted By: Ishika Agarwal
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Attentive.ai
 offers AI-based mapping products that extract building polygons, road features, high accuracy and universally required contextual information of features in geospatial imagery. Its mapping solution also helps in object detection and change detection. The company leverages its proprietary deep remote sensing algorithm to perform human-like reasoning and derive actionable insights from the collected data.

Attentive.ai, a startup specializing in AI-driven software for the landscaping and construction industries has been founded in 2017. Co-founders of Attentive.ai are Shiva Dhawan, Sarthak Vijay,  Rishabjit Singh and Aishwarya Maurya. Attentive.ai plans to expand its customer base by enhancing its products and marketing efforts. Attentive.ai has raised $7 million in a Series A funding round led by Vertex Ventures Southeast Asia and India. The round also saw participation from existing investors Peak XV’s Surge and InfoEdge Ventures, with a new secondary investment from Mumbai-based Tenacity Ventures. The Delaware-based business intends to broaden its market penetration in the United States and improve its AI-driven products, Accelerate and Beam AI, using the money it has raised.

For a long time, site measurement and project estimation in the construction and landscaping industries were done by hand, which resulted in errors and inefficiencies. With the goal of streamlining these procedures, cutting expenses associated with operations, and raising the accuracy of bids for outside service contracts, Attentive.ai offers a solution based on artificial intelligence and computer vision technology. Beam AI, an AI-based sales automation platform for the construction industry, and Accelerate, a business management software for outdoor services, are Attentive.ai's two main products. It b
oost productivity and efficiency by automating sales processes and operational workflows with Accelerate.

Beam AI, on the other hand, focuses on automating blueprint tracing to produce various construction estimates simultaneously during the estimating process for construction projects. The startup, which claims to have a $4 million annual recurring revenue rate, aims to drive significant disruptions in the outdoor field services and construction industries.


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