Cultivation Capital Leads $7.7M Series A Investment in Reconstruct -- AI & Digital Twin Software Company for Construction and Real Estate
Summary
CEO, Zak MacRunnels notes, “In order to revolutionize the industry, our investors needed to understand real estate and construction. This capital allows the company to expedite that transition while extending its lead in computer vision and machine learning and opening offices in Texas, Chicago, NYC and Tokyo. “Reconstruct gives us timely insights that positively impact scheduling and enables seamless alignment among our departments helping us avoid unnecessary delays,” says John Jurewicz, General Manager, Walbridge. The technology was patented by founders, Dr. Mani Golparvar and Dr. Derek Hoiem, from the University of Illinois where the R&D team is based while management is in Menlo Park, California. Cultivation Capital , a family of venture funds and accelerators, makes early stage investments in technology and life sciences companies in undercapitalized geographies.