What is Doxel?
Founded in 2015 and headquartered in Redwood City, California, Doxel operates at the intersection of artificial intelligence and construction management. The company deploys AI-driven robots that utilize image capture and laser scanning technologies to meticulously measure project progress and inspect quality. This data is then integrated to provide real-time updates on budget adherence and schedule timelines, offering unprecedented visibility and control to construction projects. Doxel's technology aims to significantly enhance productivity and reduce risks within the complex construction sector.
How much funding has Doxel raised?
Doxel has raised a total of $56.5M across 3 funding rounds:
Other Financing Round
$4.5M
Series A
$12M
Series B
$40M
Other Financing Round (2018): $4.5M, investors not publicly disclosed
Series A (2020): $12M led by Amplo
Series B (2021): $40M supported by Andreessen Horowitz, Insight Partners, and Amplo
Key Investors in Doxel
Andreessen Horowitz
Andreessen Horowitz is a prominent venture capital firm known for investing in technology companies across various stages, likely focusing on Doxel's AI and enterprise software applications.
Insight Partners
Insight Partners is a global venture capital and private equity firm that invests in high-growth technology and software companies, indicating a strong belief in Doxel's scalable technology.
Amplo
Amplo is a venture capital firm that typically invests in early-stage technology companies, suggesting their involvement in Doxel's earlier growth phases and continued support.
What's next for Doxel?
With a substantial enterprise-level funding context, Doxel appears to be in a growth or scaling phase, poised to expand its market reach and further develop its AI capabilities. The recent strategic investment suggests a focus on leveraging this capital for operational expansion, technological advancement, and potentially forging key industry partnerships. Doxel's continued innovation in AI robotics for construction productivity is likely to solidify its position as a leader in this emerging market, driving efficiency and data-driven decision-making across the sector.
See full Doxel company page
