Firmus Raises Financing Round

Firmus, a Miami, FL-based company which specialises in preconstruction AI design review and risk analysis, raised an undisclosed amount in funding.

The round was led by Navitas Capital with participation from Heartland Ventures, PiLabs, and Unorthodox Ventures.

The company intends to use the funds to further enhance its growth in AI-driven bid-ability and constructability review with expanded capabilities, new system integrations, and deeper market penetration.

Led by CEO Shir Abecasis, Firmus provides an AI design review and risk analysis platform that enables general contractors, developers, and AEC stakeholders to detect and mitigate design issues early. The solution, already adopted by construction and design-build firms in North America, provides a suite of AI tools that scan hundreds of drawing sheets and detect issues in construction documents, such as incomplete design, scope gaps, and discrepancies. The cloud-based platform allows users to drag and drop their PDF drawing sets (including architectural, mechanical, electrical, plumbing, etc.) and receive comprehensive analysis and detailed reports on detected issues, presented in an interactive dashboard, for better-informed decision making. Users manage identified issues within the platform, delegating tasks, tracking open and resolved issues, and collaborating efficiently.

FinSMEs

15/05/2024