IllinoisVENTURES portfolio company Reconstruct announced a $7.7M Series A investment led by Cultivation Capital, a family of venture funds and accelerators. Reconstruct provides a visual production management platform for construction projects. Using images captured with drones or ground cameras, integrated with building information models, it provides project teams with easy and quick access to actionable construction performance analytics with an online interface that is accessible through commodity smartphones and tablets. The platform detects and communicate performance problems and offers insight on potential delays so that project teams can prevent delays before they surface on job sites.
The investment will allow the company to expedite growth while extending its lead in computer vision and machine learning and opening offices in Texas, Chicago, NYC, and Tokyo. The full press release, published by Business Wire, can be read here.