The new funding will be used to expand Attentive.ai's go-to-market team in the U.S., hire more staff, and further develop its products. The startup, which currently has an annual recurring revenue rate of $4 million and over 500 companies as customers across the U.S. and Canada, aims to add more customers by enhancing its product and marketing efforts.
Key takeaways:
- Attentive.ai, a startup that provides AI-led solutions for landscaping and construction services, has raised $7 million in a Series A funding round led by Vertex Ventures Southeast Asia and India.
- The company's platform uses AI and computer vision to automate site measurements, helping businesses save time and money on manual measurements and estimates.
- With the new funding, Attentive.ai plans to expand its focus to construction operations and target general and sub-contractors and suppliers in an industry valued at over $3 trillion.
- The startup plans to use the funds to expand its go-to-market team in the U.S., hire more people, and invest in product development.