Trunk Tools has successfully raised $40 million to fund AI agents designed for the construction industry. These agents convert unstructured data like documents and blueprints into structured formats. Construction workers can communicate in simple terms, and the AI provides answers along with references. The company has developed custom language models, as traditional AI often falters with construction data. They offer a subscription service for their software and have clients such as Suffolk Construction and Gilbane, while operating primarily in the US and Canada.
Trunk Tools has raised $40 million to develop AI agents that handle administrative tasks in the construction industry by turning unstructured data into structured datasets.
Construction workers can use the agents for inquiries using layperson's language, receiving answers along with sourced material, functioning similarly to a 'ChatGPT for your job site'.
The startup utilizes custom large language models, stating that general-purpose AI struggles with construction data, thus training multiple models from scratch based on specific construction elements.
Trunk Tools operates on a subscription model for software, but some AI agents are charged based on business outcomes, with major customers including Suffolk Construction, Gilbane, and DPR Construction.
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