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Attentive.ai, a startup constructing vertical software program for landscaping and development companies within the U.S., has raised $7 million in a brand new funding spherical because it appears to boost its AI-led choices and develop them to extra companies.
Led by Vertex Ventures Southeast Asia and India, the all-equity Sequence A spherical, which follows the sooner $5 million seed funding, additionally acquired participation from Attentive.ai’s current traders: Peak XV’s Surge and InfoEdge Ventures. Moreover, Mumbai-based funding agency Tenacity Ventures has come on board this time by means of a secondary funding.
Landscaping and out of doors companies primarily depend on handbook measurements that contain labor and operational prices. Whether or not website measurement or paving upkeep, companies spend a whole lot of {dollars} and tens of hours earlier than kicking off their tasks to estimate the associated fee, applicable materials and time required. Inaccurate estimates additionally typically result in overbidding and underbidding and influence income targets. As the true property business grows, landscaping and out of doors companies corporations search for tech-driven options to carry efficiencies and reduce operational bills. Enter Attentive.ai to handle these wants utilizing AI and laptop imaginative and prescient.
Based in April 2021 with a spotlight particularly on North America, the Delaware-based startup, which has an workplace in India’s Noida, affords an end-to-end enterprise administration platform with AI-based workflows to carry automation to landscaping and development corporations. The platform — already utilized by some main business gamers, together with Juniper, U.S. Lawns, Beary Landscaping, Greenscape, Nanak and East Coast Amenities, amongst others — helps corporations save time and successfully bid for out of doors contracts utilizing automated website measurements by means of Automeasure. The automation device targets companies comparable to panorama, paving and services upkeep and snow administration.
Corporations utilizing Attentive.ai’s Automeasure can get measurements of properties — be they industrial, retail chains or housing societies — utilizing a Google Maps-like interface from the place they obtain the estimates by trying to find a specific property tackle and defining the lot boundary primarily based on their necessities. Moreover, the device permits customers to manually add blueprints in PDF in order that the software program can hint and decide the amount of fabric required primarily based on the positioning measurement and different parameters. The device additionally lets corporations switch all their current development takeoffs. Moreover, the startup supplies a devoted on-site help app, which could be put in on a cellular or pill machine, to assist the operations crew add notes to the sitemaps by geotagging website information, and lets the bottom workers entry real-time information whereas on the go.
Picture Credit: Attentive.ai
Along with Automeasure, Attentive.ai has a flagship, cloud-based enterprise administration software program for landscaping and development corporations. Referred to as Speed up, it automates gross sales processes and operational workflows, provides entry to manufacturing planning with time beyond regulation alerts and reside gross sales pipeline monitoring, and prevents ghost clock-ins. The software program can be built-in with aerial and blueprint takeoffs.
“Earlier, companies used to go on to the positioning, measure the positioning — go in with a measuring wheel and measure your complete website. It used to take hours and days. Now, they will simply enter the tackle of that website. Laptop imaginative and prescient will course of all of the out there aerial imagery of that website and provide the information… we’re additionally doing generative AI-based computerized scheduling of various properties and jobs that corporations must do,” stated Shiva Dhawan, co-founder and CEO of Attentive.ai, in an interview.
Dhawan co-founded the startup together with Rishabjit Singh (CTO) and Aishwarya Maurya (VP Product Technique) to resolve a number of the most urgent considerations of development and out of doors service companies by means of its software program that helps improve their gross sales and operations.
Up till now, Attentive.ai targeted on the landscaping business. Nevertheless, with the brand new funding coming in, the startup has expanded its focus to development operations and began focusing on common and sub-contractors and suppliers in an business which it considers to be valued at greater than $3 trillion, by means of a device known as Beam AI. It could ship a number of development estimates concurrently after receiving blueprint plans from customers by automating their tracing. On the again finish, the startup has a top quality assurance crew that opinions the auto-generated estimates.
Though Attentive.ai is likely one of the few startups bringing automation to landscaping and development operations, the business has had some aggressive options for a while. These embody Aspire and LMN in landscaping, Bluebeam and StackCT in development and Go iLawn and PropertyIntel in property measurement. Nonetheless, Dhawan instructed TechCrunch the startup has an AI-based DNA and is a deep tech AI companies firm, and its crew features a background in fintech mapping and insurance coverage.
“We come from an AI-based background the place our power is within the laptop imaginative and prescient area, whereas these corporations don’t have that tech DNA,” he stated.
The startup, the co-founder believes, additionally has the benefit of providing round the clock buyer help from India, which is “extremely cost-effective and dependable.”
Attentive.ai appears to make the most of the fundraising to develop its go-to-market crew within the U.S. and widen its headcount of 160, of which 5 are primarily based within the U.S. and the remaining are in India, by hiring extra folks. Moreover, the startup plans to make use of a few of its recent capital on product growth.
“Attentive’s modern know-how leverages Imaginative and prescient AI to drive disruptions in old-economy industries comparable to Out of doors Area Companies and Development. Organisations in these sectors are hungry for know-how options that may drive efficiencies of their companies. Shiva and his crew have demonstrated super dedication to addressing their prospects’ wants and the delight was evident once we spoke to their prospects,” stated Nikhil Marwaha, senior govt director, at Vertex, in a ready assertion.
The startup, with a $4 million annual recurring income price, has over 500 corporations as its prospects throughout the U.S. and Canada, of which about 300 are landscaping, 100 are paving upkeep and 100 are development corporations. It seeks so as to add extra prospects by bolstering its product and advertising.
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