Construction supervision technology has won support from investors. The Polish-American start-up received $2 million.
The creators of AI Clearing with their project entered one of the least digitized market spaces – the construction sector. They proposed a system based on artificial intelligence to monitor and supervise the progress of work directly on the construction site. They gained their first customers and investors fairly quickly after it went on sale. Estonian venture capital fund Tera Ventures, investing in digital start-ups, and national funds: Inovo Venture Partners and Innovation Nest believed in the technological and commercial potential of the AI Clearing solution. During the funding round, they donated $2 million for the development of the project.
“AI Clearing operates in an ideal space for AI applications, and in an industry that is lagging behind in using automated solutions to manage complex projects,” said James McDougall, Partner at Tera Ventures.
The co-founders of AI Clearing are Michał Mazur (in the company he is the president) and Adam Wiśniewski (chief technology officer). Both have been associated with PwC in the past and have created their new project based on the experience acquired within the company.
– We have seen the problem faced by developers and managers of infrastructure construction sites around the world – construction works are carried out by many sub-contractors, which opens the way for errors and non-compliant actions to architectural plans. Therefore, the earlier the error is detected, the lower the losses for investors. At AI Clearing, we have developed a computer tool to track the progress of construction and verify them with the original architectural plans, says Michał Mazur.
The AI Clearing system aggregates data from construction projects, BIM models, work schedules, and more. and compares them with photos taken using drones or laser scans carried out on the construction site. The solution automatically checks their compliance and reports any discrepancies.
– Currently, the system is suitable for monitoring the construction of roads, railways, large concrete structures, solar farms, gas pipelines. The direction of tool development is somewhat determined by our customers – we try to meet the needs and specificity of their projects. Therefore, we systematically adjust the tool to monitor the following classes of installations – explains Adam Wiśniewski.
Marketing of the project
AI Clearing has set up its technology development center in Warsaw. The company’s headquarters are in the United States. Around the world, for example, it supports PCL Construction and VINCI projects.
– We won the first commercial contract in April 2020, i.e. at the initial stage of the pandemic in the United States. Fortunately for us, construction sites have not been included in the lockdown – especially infrastructure projects are a driver for global economies. Therefore, last year we were able to act actively without major complications, which resulted in the success of the round table – emphasizes Michał Mazur.
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According to the McKinsey digitization index, the real estate sector is one of the least digitized, both at the construction stage and in the operation of buildings or infrastructure.
It is therefore an extremely perspective development space for technology companies. Sooner or later, the construction industry will notice the benefits of using new technologies, incl. due to savings in construction and operating costs as well as the optimization of the work schedule. Today in Poland, many companies stand on the sidelines, observing the activities of large international entities and checking the effects of their cooperation with start-ups. I am convinced that as the number of successful implementations increases, the industry will become more and more open to innovation.