Trunk Tools Raises $20M in Series A Funding to Revolutionize Construction with AI
Trunk Tools is a pioneering company at the intersection of AI and construction, focused on augmenting the workflows of construction professionals through intelligent automation.
Company Name: Trunk Tools
Location: New York City, NY
Sector: AI, Construction
Funding Details: Raised $20 million in Series A funding led by Redpoint Ventures, with participation from Innovation Endeavors.
Purpose of Investment: To expand operations and accelerate development efforts.
Product and Innovation: Led by Founder and CEO Sarah Buchner, Trunk Tools is leveraging AI to transform the construction industry by building the "brain" behind construction operations. The platform structures millions of pieces of unstructured project data and deploys AI agents to assist construction professionals with administrative workflows, ensuring critical information is available when needed and automating tasks that traditionally hindered productivity and profitability in the industry.
As part of this funding announcement, Trunk Tools introduced the Trunk Tools Schedule Agent, a fully autonomous AI-powered agent specifically designed for the construction industry. This agent creates a dynamic link between scheduled activities and all necessary supporting documentation, ensuring projects are completed on time, within budget, and according to plan. The Schedule Agent builds upon Trunk Tools’ existing proprietary AI platform, which is already in use by many of the largest general contractors and several Fortune 500 companies. The agent helps construction teams stay on schedule by proactively sensing project issues, surfacing insights, and taking action without requiring additional effort from the team.
The agent integrates with schedule files and independently monitors upcoming tasks, providing timely notifications to project managers, superintendents, and project engineers about open tasks, discrepancies, or logistical problems, thereby enhancing on-site productivity.
About the Company: Trunk Tools is a pioneering company at the intersection of AI and construction, focused on augmenting the workflows of construction professionals through intelligent automation. By structuring unstructured data and deploying AI agents, Trunk Tools aims to elevate the productivity and profitability of construction projects, making it an essential partner for leading general contractors and Fortune 500 companies.