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- 🏢 Building code compliance, but with AI
🏢 Building code compliance, but with AI
This startup is modernizing building code compliance with an all-in-one AI platform
Ben Hofer
June 05, 2023
Welcome to another exciting week in PropTech where we provide a weekly roundup of the latest in PropTech startups, news, highlights, and more!
🌟Who is our PropTech Star of the week? Let’s find out! 👀
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📰 TLDR
Qflow, a digital platform for construction teams to collect real-time materials and waste data, raises £7.2M in Series A funding
Measurabl, a provider of an ESG (environmental, social, governance) data management platform for real estate, raised $93M in Series D funding
Builder Prime, an all-in-one CRM, estimating, and project management platform for residential specialty-trade contractors, raised an undiscosed amount in Series A funding.
Hostaway, a comprehensive vacation rental software and management system, raised $175M in Strategic Growth Investment.
SWAPP, an automation software for architectural construction documents, raised $11.5 million in Series A funding.
🌟PropTech Star of the week: UpCodes is a US startup using AI to help users understand and abide by building codes / regulations with efficiency
🙌This week’s edition is brought to you by…
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❗Highlights in PropTech
Qflow raised £7.2M in Series A funding.
Qflow is a digital platform for construction teams to collect real-time materials and waste data, with the goal of reducing waste by providing real-time data and analytics, increasing efficiency by automating and digitizing a currently manual process, and providing transparency over carbon savings.
Qflow is hiring across commercial and technical roles, planning to grow its team of 30 by 200 percent by the end of 2024.
Measurabl raised $93M in Series D funding.
Measurabl is a provider of an ESG (environmental, social, governance) data management platform for real estate. Global real estate asset managers use it to solve for ESG from “meter to market”, leveraging its scalable offerings to decarbonize buildings, mitigate physical climate risk, comply with regulation, and underwrite sustainability risks in real estate transactions.
The company, which offers insights derived from its database of more than 16 billion square feet of real estate across 93 countries worth in excess of $2 trillion, intends to use the funds to continue consolidating ESG tools and services into its all-in-one ESG technology platform for real estate.
Builder Prime raised an undisclosed amount in Series A funding.
Builder Prime is an all-in-one CRM, estimating, and project management platform for residential specialty-trade contractors. Its platform encompasses customer relationship management, production management, scheduling, estimating, inventory management, communication, and payments, enabling residential specialty-trade contractors to manage all their operations in a single, unified platform.
The company intends to use the funds to accelerate growth, enhance product functionality, and further invest in client support.
Hostaway raised $175M in Strategic Growth Investment.
As a comprehensive vacation rental software and management system, Hostaway allows property managers to manage all key aspects of their vacation rental business
The company intends to use the funds to expand globally, grow headcount, strengthen customer service, enhance onboarding processes, and pursue both organic and inorganic opportunities to extend its market share.
Swapp raised $11.5 million in Series A funding.
Swapp’s AI driven platform streamlines the creation and management of architectural construction documents, enabling architects to save time and resources while maintaining high-quality output.
🌟PropTech Star of the week: UpCodes
UpCodes is disrupting the way we think about building codes and regulations within the Real Estate industry. Based in the United States, this pioneering startup offers an invaluable solution to help navigate the complex labyrinth of building codes and regulations using AI.
“In the engineering world, if you don’t cite your source, you didn’t answer the question. That’s why Copilot has a lot of potential. It’s a great way to get started on a code research project, especially for codes that I’m unfamiliar with.”
At UpCodes, the mission is to ensure seamless compliance with building regulations by providing an integrated, user-friendly platform for architects, builders, and building officials alike. By consolidating a vast array of local, state, and federal building codes, UpCodes simplifies the process of staying compliant.
UpCodes platform preview
The platform provides a robust search engine for building codes, an automated code consultant (copilot), and a collaboration tool, all geared towards simplifying compliance, including some standout features:
A comprehensive database of updated building codes.
AI-powered tools to clarify compliance-related queries.
A collaborative interface for teams to work together effectively.
From initial consultation to final code compliance checks, UpCodes offers a streamlined, digital-first approach. Its comprehensive, accessible database of building codes, along with AI-powered insights, provide valuable assistance throughout the building lifecycle.
Moreover, the collaborative tool facilitates seamless communication within teams, promoting more efficient project execution. This, combined with real-time updates, keeps every stakeholder on the same page, ensuring smooth project progression.
How UpCodes works
A key feature of UpCodes includes AI-powered compliance checks that are executed directly within 3D models, identifying potential issues during the design stage itself. This ensures problems are tackled early on, avoiding expensive alterations at a later phase. UpCodes’ vast database of building codes, ranging from local to federal regulations, is an essential tool for professionals in the industry.
Sample code discovery using Copilot
We at PropTech Stars are very excited about UpCodes and their contribution towards easing the regulatory burden in the construction industry. Not only does it help firms stay compliant but also enhances overall project efficiency. UpCodes is a name to watch as we look ahead to the future of PropTech.
🔎Interesting Reads & Events
Reads
Events
digital-bau - Munich, Germany - 4-6 July, 2023
iOi Summit - Miami, FL - 29-30 August, 2023
Europe’s Largest PropTech Event is coming up @ the InterContinental London - The O2 | 6th - 7th September, 2023
BluePrint Vegas Event is coming up @ the Venetian, Las Vegas | 11-13 September, 2023
CRETech New York - New York, NY | Jacob Javits Center 19-20 Septmeber, 2023
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