Attentive.ai Secures $12M Series A to Revolutionize Construction Industry
Deal News | Jan 23, 2025 | Vertex Venture Management Pte
Attentive.ai, an AI-based SaaS startup, has successfully completed its Series A funding, raising a total of $12 million in two parts. The A2 funding round was spearheaded by Tenacity Ventures with participation from Vertex Ventures, Peak XV Partners, and InfoEdge Ventures. Attentive.ai offers an AI-based takeoff platform tailored for the construction and outdoor services industry, strategically positioning itself in a $3 trillion market segment. The recent investment is aimed at propelling the development and launch of AI-powered products, thus expanding the company's reach within the construction trades. Such advancements are expected to foster wider industry adoption and enhance operational efficiency by reducing reliance on manual takeoffs. Co-founders Shiva Dhawan and Rohit Razdan underline the significance of their AI tools for a workforce facing capacity challenges and emphasize building partnerships with forward-thinking companies.
Sectors
- Artificial Intelligence
- Construction Technology
- SaaS
Geography
- Singapore – Vertex Ventures, one of the investors, is based in Singapore.
- India – Attentive.ai’s founders are ex-IIT Delhi graduates, indicating the company's Indian roots.
Industry
- Artificial Intelligence – The article centers around Attentive.ai, a company specializing in AI solutions for the construction industry.
- Construction Technology – Attentive.ai develops an AI-based platform targeting the construction industry, providing innovative digital solutions to replace traditional manual processes.
- SaaS – Attentive.ai offers a SaaS platform, demonstrating the application of software services in the AI-enhanced construction sector.
Financials
- $12M – Total amount raised in Series A funding for Attentive.ai, concluded in two tranches (A1 and A2).
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Attentive.ai | Target Company | Company | A SaaS startup offering AI solutions for the construction and outdoor services industry. |
| Vertex Ventures | Investor | Company | A venture capital firm participating in Attentive.ai's funding round. |
| Tenacity Ventures | Lead Investor | Company | The firm that led the Series A2 funding round for Attentive.ai. |
| Peak XV Partners | Investor | Company | Participated in Attentive.ai's Series A2 funding round. |
| InfoEdge Ventures | Investor | Company | Also participated in the funding round for Attentive.ai. |
| Shiva Dhawan | Co-Founder & CEO | Person | Co-Founder and Chief Executive Officer of Attentive.ai. |
| Rohit Razdan | Co-Founder & MD | Person | Co-Founder and Managing Director at Tenacity Ventures. |
| Rishabjit Singh | Co-Founder | Person | Co-Founder of Attentive.ai. |