Revolutionizing architecture: Acelab raises $5.3M to fuel supply search innovation

Acelab, a startup founded by Harvard Master’s-educated architect Vardhan Mehta, has raised $5.3 million in a funding round to expand its intelligent building supplies search platform. The platform uses machine learning to help architects find the supplies they need for their projects, collating information from the architect with Acelab's proprietary database to return the best matches. The funding round was led by Pillar VC, PJC, and Draper Associates, with participation from Alpaca, Steve Kaufer, Erik Jarnryd, Transcend Partners, Branagh Construction, Ken Lang, Klingenstein Fields, and Westview PE Fund.

Acelab's platform, currently used by over 8,000 architecture firms, features a proprietary search engine, a project workspace for collaboration, and a portal connecting architects with product experts. The company plans to add procurement capabilities to allow users to buy products directly, and a generative AI feature to automatically create specification documents for architecture projects. Acelab also plans to add historic price codes of manufacturers to its search results for more precise cost estimation.

Key takeaways:

Acelab, a startup founded by architects, has raised $5.3 million to continue developing its intelligent building supplies search platform.
The platform uses machine learning to gather relevant information from architects and returns the best fit products through an easy-to-use interface.
Acelab's platform is currently used by more than 8,000 architecture firms and offers features like ProductAdvisor, Project Workspace, and a Collaboration Portal.
The company plans to add procurement to its platform, allowing users to buy products directly, and a generative AI feature that would automatically create specification documents for an architecture project.

Revolutionizing architecture: Acelab raises $5.3M to fuel supply search innovation

Key takeaways:

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