San Francisco-based construction AI platform Bobyard has raised $35 million in Series A funding in a round led by 8VC, with participation from Pear VC, Primary Venture Partners, Tishman Speyer, RXR, Caffeinated Capital and Merrick Ventures.
Bobyard’s technology automates up to 70 percent of the quantity and material takeoff process, enabling contractors to assemble bids far more quickly. In a news release on Wednesday, the company announced the new funding will be used to enhance its capabilities for the landscaping sector and support planned expansion into additional trades, including drywall, electrical work and plumbing.
“We’re solving some of the hardest problems in computer vision by teaching machines to understand blueprints. It’s an opportunity to push the boundaries of AI in a field that directly shapes the built environment,” Michael Ding, CEO of Bobyard, said in a statement.
With the funding news, Bobyard also announced plans to grow its engineering and go-to-market teams as it scales.
