Tech startup Mercator AI to accelerate growth with $3.75M USD seed funding CanadiansInvest
CALGARY -Mercator AI, a real-time construction intelligence platform, today announced that it has raised $3.75 million USD and successfully oversubscribed its seed round to accelerate growth. Freestyle Ventures and Builders VC co-led the financing, bringing Mercator AI’s total raised to $4.46 million USD since its inception in October 2020.
“We are incredibly grateful for the support of our investors and to have had the opportunity to raise earlier than we planned. To be joined by such talented and influential industry leaders is a testament to the strength of our mission and the hard work of our team over the past 8 months,” said Chloe Smith, CEO and Co-founder of Mercator AI.
Business development workflows within the construction industry are still highly manual, with many firms relying on existing relationships and rudimentary research to identify new project and partnership opportunities. This approach is slow and arduous, often leading to missed opportunities with companies learning about upcoming projects far too late.
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