StructionSite is a technology company.
StructionSite has raised $7.0M across 1 funding round.
StructionSite has raised $7.0M in total across 1 funding round.
StructionSite has raised $7.0M in total across 1 funding round.
StructionSite's investors include D20 Capital.
StructionSite is a construction technology company that builds Intelligent Project Tracking software using cameras, 360° videos, and AI to automate onsite work tracking and documentation.[1][2][3] It serves construction project managers, general contractors, and subcontractors by solving the inefficiencies of manual progress tracking, which often leads to errors, delays, cost overruns, and disputes through real-time visibility, accurate photo-backed records, and integration with project management tools.[1][2][4] Founded in 2016 and headquartered in Oakland or San Francisco, California, the company raised $41.94M before being acquired by DroneDeploy in October 2022, reflecting strong growth momentum in digitizing job site management.[1][3]
StructionSite was founded in 2016 by Matt Daly and Philip Lorenzo, who drew from their firsthand experience walking job sites with paper drawings and highlighters to track progress manually.[6] The idea emerged from recognizing the construction industry's outdated practices in a trillion-dollar sector resistant to change, prompting them to create a digital solution for 360° video tours enhanced by AI.[1][6] Early traction built through digitizing site records, evolving into AI-driven tracking tools like SmartTrack®, with pivotal growth via $41.94M in funding and the 2022 acquisition by DroneDeploy.[1][3][6]
StructionSite rides the wave of construction tech digitization, leveraging AI, computer vision, and digital twins to disrupt a trillion-dollar industry historically slow to adopt tech due to manual processes.[3][6] Timing aligns with rising demand for real-time data amid labor shortages, supply chain issues, and disputes, fueled by market forces like drone integration (post-DroneDeploy acquisition) and proptech growth.[1][6] It influences the ecosystem by enabling accurate progress tracking, reducing overruns, and powering platforms like Trimble, while competing with firms like Propeller and Pix4D in AI-driven site management.[1]
Post-2022 acquisition by DroneDeploy, StructionSite's tech will likely expand within a drone-AI powerhouse, enhancing cloud-based mapping and analytics for construction, mining, and beyond.[1] Trends like AI automation, 3D BIM integration, and environmental sensor fusion will shape its path, potentially scaling to global projects with even faster capture via drones.[1][3][6] Its influence may evolve from standalone tracker to core component in unified construction platforms, solidifying leadership in intelligent job site documentation amid industry-wide digital transformation.[1][2]
StructionSite has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Series A in March 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2020 | $7.0M Series A | D20 Capital |