Zurich -based constructionTeck ScaleraAn ETH Zurich spin-off, using AI to modernize the construction collection, has announced a round of € 5.7 million seeds to increase its expansion in Germany and Austria today.
The funding round was led by Firstmonute Capital, Speedinvest and Google, Unicorn Startups and a group of strategic angels at the Construction World.
“The opportunity is plenty of, but the system is broken“Said Leonardo ReinhardScalar co-founder and chief executive officer. “To win public tenders today, companies still copy the line items to the Excel, through the PDFS of the Thousand-Surgery, and email the email suppliers one by one. We started the Scalera to finish that insanity and the important projects are running again – with more fast, more affordable and complete transparencyThe “
Established in 2023 by Leonardo Rainhard (CEO), Sovan Affeltrenzer (CCO), and Federico Gossi (CTO) in 2023, Scalera is an AI -powered tendering and purchase platform for the construction sector. It automatically automatically parsing, matching and adjustment on the back of the construction bid.
By eliminating the purchase chaos, the Scales show the ability to quickly transfer the government and builders, reduce the cost, and to better cooperate throughout the chain of the entire construction supply.
The endacot itselfPartner in Firstminut Capital, says: “LLM and generator are one of the most interesting platform shifts in AI technology and we believe that the commercial price will most often be created by teams focused on vertical use in sectors, which still cannot fully transform digital. The construction sector is a perfect example of this, that’s why we are so keen on how their customers can analyze tenders, to look for suppliers, request quotes and to re -imagine the bid we are so interested in being partner with the team with the teamThe “
According to data to EU-Startups, every year, governments around the world spend $ 1.5 trillion to collect. In the EU alone, more than 250,000 public companies allocate about 1.7 trillion annually throughout roads, housing, energy, transport and other public works agreements.
Skels argued that most of it was driven by the old collection processes that disappoint both supplier and contractor.
The scler platform automatically ”The most painful part of the collection“This includes long, endless tender documents, parsing them using AI and maps items on standard taxnomes like NPK, BKP, VOB, and önorm. Suppliers upload their catalogs and match their products to the relevant tenders.
When the errors are reduced and unlocking new cooperation between buyers and suppliers – it probably accelerates the bid cycle from just three days to half a day.
AndreasSpeedinvest said the general partner: “Europe’s largest construction and real estate sector is still stuck in old, complex and inefficient processes. We believe that the AI has the ability to bring construction companies to the next level by automatically automatically, improving the overall skills and profitability. The scillar platform has already provided game-changing results for numerous clients and we are eager to return Leo, Soven and Federico to the next stage of their next development, as they lead the AI of the construction industry.“
Scalera has processed more than $ 2.5 billion in tenders, and now Switzerland’s construction contractors covers 65% to 75%. Its expansion is already underway in Germany and Austria.
% 5% of mothers are supported by growth, the scalar product is established as the desired collection engine for the Dutch region manufacturers.
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