BrightAI closes $51M Series A, Projectler launches AI platform

Snapshot

Projectler launches AI contractor platform, BrightAI raises $51M from Khosla, C-Link merges with E1.

New Innovations and Partnerships

Projectler launches AI platform unifying lead generation and project management: Projectler launches an AI platform that automates contractor lead generation and generates detailed estimates from architectural plans. (newsfilecorp.com)

Victor launches construction all risks insurance for UK contractors: Victor partners with HSB to offer contractors all risks insurance covering up to £10 million per project, addressing emerging risks from AI, drones, and additive manufacturing for UK contractors with revenues up to £20 million. (insurancebusinessmag.com)

Funding Rounds and M&A Activity

BrightAI: The company closes $51M Series A round from Khosla Ventures to scale AI-powered predictive maintenance across 50,000+ power, water, and industrial infrastructure locations using sensors and drones. (theaiinsider.com)

C-Link merges with E1 for enhanced procurement capabilities: Gordons facilitates the merger between C-Link and E1 to strengthen construction procurement solutions. (insidermedia.com)