What is Avvir?
Founded in 2017 and headquartered in New York City, Avvir operates at the intersection of construction management and artificial intelligence. The company provides an end-to-end monitoring solution that utilizes laser scanning and automated analysis to identify discrepancies between building information models and physical site progress. By catching construction errors in real-time, Avvir enables project managers to mitigate costly delays and ensure structural integrity, effectively serving as a digital layer of oversight for complex enterprise-level developments.
How much funding has Avvir raised?
Avvir has raised a total of $12.7M across 3 funding rounds:
Angel/Seed
$2.5M
Debt
$150K
Other Financing Round
$10M
Angel/Seed (2019): $2.5M with participation from Khosla Ventures, Metaprop, and Localglobe
Debt (2020): $150K led by PPP
Other Financing Round (2021): $10M supported by Trust Ventures
Key Investors in Avvir
Khosla Ventures
A prominent venture capital firm founded by Vinod Khosla, specializing in breakthrough technologies across sectors including AI, enterprise software, and sustainable energy.
Localglobe
A London-based venture capital firm focused on early-stage investments, known for supporting high-growth technology companies with global ambitions.
Trust Ventures
An investment firm that partners with entrepreneurs building solutions for complex, regulated industries, often focusing on infrastructure and public sector innovation.
What's next for Avvir?
With this recent capital injection, Avvir is poised to expand its market footprint and enhance its AI-driven diagnostic capabilities. The company is expected to focus on deepening its integration with existing BIM software ecosystems, thereby streamlining the feedback loop between field data and project management offices. As the construction sector undergoes a broader digital transformation, Avvir's ability to provide actionable insights from raw site data will be instrumental in driving operational efficiency and reducing waste across global infrastructure portfolios.
See full Avvir company page
