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The company’s program aims to streamline materials procurement through the use of AI.
San Jose, California-based software firm Field Materials announced that it raised $4.65 million in a seed funding round on April 6, according to a press release shared with Construction Dive. The round was led by San Francisco-based venture capital firm Blumberg Capital, and joined by Zacua Ventures.
The startup’s product is an AI-driven program that intends to streamline materials procurement for contractors, and can aid professionals throughout the entire construction process. It performs tasks that were originally done in Excel, Word and on paper, according to the company. It also uses AI-powered checking systems to monitor delivery slips and invoices to catch errors and minimize delays.