Build raises $8.5M to accelerate industrial infrastructure development project work
Build Inc., an artificial intelligence-driven startup that automates complex industrial real estate development management projects, today announced it has raised an $8.5 million seed round led by Index Ventures.
Pebblebed, Puzzle Ventures and Tiny.vc also participated in the round. A range of industry-focused angels joining the round included OpenAI Group PBC Chief Financial Officer Sarah Friar, Blackstone Inc. Chief Technology Officer John Stecher and senior figures from OpenAI, Meta AI Research and Google Maps.
Headquartered in New York, Build provides a platform that combines architectural and AI expertise. The company provides an AI system named Dougie, which automates complex infrastructure workflows including site sourcing, technical due diligence, power assessment and early design, helping customers reduce project timelines.
Build says Dougie compresses what would normally take humans over four weeks into about 75 minutes, rapidly prototyping the research, planning, diligence and curation for industrial real estate projects. The company said it pulls from more than 1,600 data sources and has been deployed across more than 100 projects in 15 countries for governments, Fortune 500 companies and institutional real estate groups.
