Drawer AI Raises $5M in Seed Funding to Launch AI-Powered Estimating System for Electrical Contractors
Drawer AI aims to revolutionize preconstruction estimating by providing electrical contractors with a streamlined, AI-driven solution that enhances efficiency and accuracy in the estimating process.
Company Name: Drawer AI
Location: Austin, TX
Sector: AI, Preconstruction, Estimating Software
Funding Details: Raised $5 million in seed funding. The round was led by Brick & Mortar Ventures, with participation from Base 10 Partners.
Purpose of Investment: The funds will be used to expand the product, scale the team, and drive customer acquisition.
Product and Innovation: Drawer AI is an AI-powered preconstruction software solution for the electrical trade. By leveraging advanced machine learning technology, the platform automates the entire estimating process, making it faster and easier for contractors to generate estimates. As Drawer AI comes out of stealth mode, six industry-leading electrical contractors are already utilizing the product.
About the Company: Drawer AI aims to revolutionize preconstruction estimating by providing electrical contractors with a streamlined, AI-driven solution that enhances efficiency and accuracy in the estimating process. The platform is designed to save time, reduce manual efforts, and improve the overall accuracy of project estimates.
