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Field Materials raises $10.5M to expand AI construction procurement services.
Field Materials, a North Carolina company that uses AI to automate construction procurement, has raised $10.5 million in Series A funding.
Led by Navitas Capital, the round includes investments from several other firms.
The company plans to use the funds to expand its team and increase revenue.
Field Materials' AI platform processes vendor quotes and invoices, reducing procurement time and improving margins for construction companies.
It currently serves over 8,000 vendors across 27 states and has major clients like Swinerton and Teichert.
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Field Materials recauda $10.5M para expandir los servicios de adquisición de construcción con IA.