BuildVision Secures $10M to Modernize Construction Procurement

Author

Slice of Construction Team
March 27, 2025

Key Highlights:

  • $10M Series A funding led by Norwest Venture Partners, bringing total to $13.8M

  • Focus on AI-powered automation and engineering hires to scale platform

  • Targeting top 100 ENR contractors and expanding supplier partnerships

  • Contractors can cut costs by up to 20% and streamline procurement

  • Real-time visibility and supplier collaboration across multi-site projects

Source: PR Newswire

Notable Quotes:

❝

"Construction is one of the largest industries still plagued by inefficient, manual procurement... BuildVision offers a unique value proposition that helps contractors simplify the procurement process..."

Sean Jacobsohn, Partner at Norwest Venture Partners
❝

"BuildVision has fundamentally changed how we source and procure mechanical and electrical systems... bringing much more control over products, lead-times and cost."

David Hamilton, SVP at Construction Procurement Solutions
❝

"Procurement in the construction industry is antiquated and inefficient. Technology-enabled platforms like BuildVision represent the future."

Jeremy Lee, General Contractor Program Leader at Trane Technologies

Why This Matters:

The construction sector remains one of the last major industries to digitize its procurement processes. BuildVision's AI-powered platform addresses long-standing inefficiencies by transforming manual, fragmented workflows into a data-driven system that boosts transparency, reduces costs, and accelerates timelines. With fresh funding and strong industry backing, BuildVision is poised to become the critical procurement infrastructure for enterprise-level contractors navigating a $300 billion market.