New York-based AI SaaS startup Kwant AI brings AI technology to the field, adding efficiency and safety to the global construction industry with the System of Record of Workforce. The startup announced a $3.9 million seed round with investment from LAUNCH, Fairstead, Pearl Fund, 7BC Venture Capital, Forefront Ventures, Martinson ventures, and Serra Ventures. Funds will be allocated to facilitate customer expansion, scaling the platform, and staff hiring.
Kwant AI protects lives and adds over 15% toward operational efficiencies, saving huge costs for the construction industry. The solution is proven to work in large deployments such as the new airports in New York, EV factories in Detroit and Tennessee with over 10,000 construction workers using the technology daily.