What is Avvir?
Founded in 2017 and headquartered in New York City, Avvir is at the forefront of leveraging advanced technology to enhance the construction industry. The company specializes in providing end-to-end construction monitoring services, utilizing laser scans and artificial intelligence to meticulously identify and rectify errors during the building process. Avvir's platform offers a comprehensive approach to quality control and project oversight, aiming to reduce costly mistakes and improve project timelines for its clients.
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 Metaprop, Khosla Ventures Acquisition, and Localglobe
Debt (2020): $150K led by PPP
Other Financing Round (2021): $10M supported by Trust Ventures
Key Investors in Avvir
Trust Ventures
Trust Ventures is an investment firm that likely focuses on companies with a strong social or environmental impact, given its name and domain.
Khosla Ventures Acquisition
Khosla Ventures is a prominent venture capital firm known for investing in a wide array of technology sectors, including AI, fintech, and sustainable energy, often backing early to growth-stage companies.
Metaprop
Metaprop is likely a real estate technology-focused venture capital firm, specializing in investments within the proptech industry.
What's next for Avvir?
With the recent infusion of major strategic capital, Avvir is poised for accelerated growth and innovation. The company is likely to focus on expanding its service offerings, enhancing its AI capabilities for even more precise construction mistake detection, and broadening its market reach within the enterprise construction sector. This strategic investment signals strong confidence from backers in Avvir's business model and its potential to disrupt traditional construction monitoring practices, paving the way for greater adoption of its technology in large-scale projects.
See full Avvir company page
