Reconstruct Receives $7.7 Million Series A Investment Led By Cultivation Capital

Categories : EnterpriseWorks, Investments
Posted on: May 14, 2019

Reconstruct, a Research Park startup, has closed a $7.7 million series A round led by Cultivation Capital. Investors also include Serra Ventures and Seyen Capital.

According to BusinessWire, Reconstruct provides a ‘visual command center’ for projects, enabling project executives to proactively and precisely manage construction progress including detecting current, past, and future performance issues.

Cultivation Capital Partner and Board Member, Barry Sandweiss sees incredible potential in the company. “Reconstruct has the opportunity to transform the management, financing, and insuring of projects in construction and beyond.”

Reconstruct’s AI and digital twin capabilities help project stakeholders by providing indoor/outdoor views enabling them to track and resolve issues in a virtual environment before actual impact on cost and schedule.

University of Illinois Research Park Director, Laura Frerichs said, “We have been honored to be a part of the Reconstruct journey and getting to see their growth from early stage technology to commercial success. They have created a tremendous team and technology with market value, customers, and impact”.

Read the full article here.