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flag Field Materials raises $10.5M to expand AI construction procurement services.

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

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