Artificial Intelligence: Disperse Raises $16M For AI-Enabled Construction

Disperse has grown US revenue by 2x every year since entering the market in 2019.

Disperse, a provider of AI software that streamlines processes and productivity at construction projects, has raised $16 million in a funding round led by 2150 with participation by existing investors including Northzone and Kindred Capital. The company will use the new funds for product advancements and expanding the go-to-market function in the Americas. Disperse systems will support project managers during a recessionary environment, volatility in labor and materials markets, and other typical operational issues. (Businesswire)

Founded in 2015 out of a London School of Economics entrepreneurship incubator, Disperse expanded into the US market in 2019. At home in the UK and Ireland  the company’s customers include Hines, Mace, Sir Robert McAlpine, John Sisk & Son, and Multiplex. In the US, the company has customers like Gilbane and Urban Atelier Group (UAG).

“In the past few years we’ve seen a lot of VCs investing in construction tech without really understanding construction, whereas 2150 has deep real estate development and construction experience,” said Felix Neufeld, CEO and founder of Disperse. “They are focused on investing in solutions that actually move the industry, and creating long term impact, rather than investing in short-sighted narratives.”

“Disperse is addressing the construction industry’s biggest productivity challenges at their roots by using data, computation, and software engineering to unlock massive efficiency gains while also laying the foundation for decarbonization and resilience of the sector,” said Jacob Bro, Partner at 2150.

“Through Disperse, our workflow is automated, and we now have a centralized way to monitor and track field progress and daily activities more efficiently. Clearer tracking of productivity and key rate of change metrics allows us to understand our workforce needs, enabling us to deliver projects that realize our client’s visions.” – Urban Atelier Group (UAG).

Related Story: Artificial Intelligence: Use Of AI To Monitor Construction Progress

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