The Israeli startup SWAPP has raised $11.5 million in funding for its solution for the streamlined creation and management of architectural construction documents. The platform, which has now raised $18.5 million since its founding, describes itself as providing clients with “AI-powered.
Israel s proptech sector, broken down calcalistech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calcalistech.com Daily Mail and Mail on Sunday newspapers.
AI-powered construction planning company Swapp announced on Thursday that it raised $7 million in seed. The round was led by Point72 Ventures and Entrée Capital with the participation of existing investors. It is expected that the funds will support Swapp’s expansion and expand its AI capabilities.
Swapp helps streamline the conception, architectural design, and engineering processes for real estate developers and construction companies to help them control all phases of their projects. The platform lets users create their entire construction planning, including feasibility assessments, documents, and plans.
Eitan Tsarfati, Co-founder and CEO of Swapp. Photo: Swapp
“Swapp’s AI solution is a game-changer in the field of real estate development and construction-planning,” said Eitan Tsarfati, Co-founder and CEO of Swapp and former General Manager of Autodesk Israel. “Real estate developers and construction companies can use a single platform to build their