WatchBuilt
Construction site monitoring system providing daily status reports for early identification of mistakes and deviations.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | €10.0k | Grant | |
| Total Funding | 000k | ||
The construction industry confronts rising challenges: construction site delays (200 days on average) and up to 20% budget overruns. Operating profitably in this low-margin industry (6-15%) becomes harder, and a shortage of qualified labor further hampers construction site performance. This result in demand for site monitoring tools that can deliver precise data for improved resource planning, while saving time for key personnel involved. WatchBuilt is creating a tool for design & build contractors. The solution focuses on real-time data capture, AI-driven reporting, 5G-enabled communication and plan-versus-execution comparisons, streamlining project timelines and reducing
costly errors. With our solution, site managers can promptly identify issues and take actions, reducing the need for site visits or the status report creation. This, further facilitate the cost reductions and enhanced performance in construction sites.