Home » UK startup Disperse raises £15m for AI-powered construction platform

UK startup Disperse raises £15m for AI-powered construction platform

by Maryam Bint-Kazam
construction tech, construction site

London-based construction technology startup Disperse has raised $16m (£14.9m) in a funding round led by sustainability-focused venture capital firm 2150.

The funding round, which saw participation from existing investors Northzone and Kindred Capital, will help accelerate the growth of Disperse’s AI-powered platform for construction.

Founded in 2015, the startup’s platform lets construction managers monitor progress remotely, turning footage captured live on a site into a digitised version.

For this, someone employed on the site (e.g. a project manager) walks around equipped with a standard 360° camera at regular intervals, and the resulting imagery is fed directly into the Disperse platform which processes the visuals and applies computer vision techniques to figure out what’s happening.

In an interview with TechCrunch, Disperse founder and CEO, Felix Neufeld said that while construction firms are often willing to try new technologies, these are not long-term investments and are based on “false promises from technology companies”.

Neufeld added: “We see most technology on sites quickly become either fully abandoned, or become ‘zombie software,’ which is to say that the initiatives are technically still active but are solely kept alive for perception, or contractual obligations, without fulfilling their functional purpose.”

While based in London, Disperse has expanded its UK operations to the Midlands, the North, and Ireland, as well as across the Atlantic with the launch into New York.

“So far, the bulk of our business is still in the UK where we are working with a large share of the key contractors and developers but given the momentum we have in the US and the size of the market, the US will likely surpass the UK next year,” said Neufeld.

Disperse’s last funding round was a $15m (£13.9m) Series A investment led by Northzone.

Image credit: BigPixel Photo/Shutterstock

Read next: Work begins on the first Passivhaus council homes in Cambridge 

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