"America's $1.6T construction industry faces a critical infrastructure crisis: while housing starts reached 1.43M units in mid-2025, 77% of developers report permitting delays, with cities like San Francisco averaging 33 months just to secure approval. This pre-construction bottleneck has compounded a 4.7M housing unit shortage, pushing median home prices up $88K since 2020 while construction timelines stretch beyond 300 days from permit to final inspection in many markets."
"PermitFlow addresses this systemic breakdown with AI agents that automate the entire pre-construction workflow, from jurisdiction research through final approvals, turning what typically takes months into days. Since launching in 2021, the platform has powered over $20B in construction value nationwide, drawing on a proprietary dataset of 12M+ municipal data points to deliver 2.5X faster permit approvals and 5X ROI for builders."
"AlleyWatch sat down with PermitFlow Cofounder and CEO Francis Thumpasery to learn more about the business, the company's future plans, recent funding round that brings its total capital raised to $90.5M, and much, much more... Who were your investors and how much did you raise? $54M Series B led by Accel, with participation from Kleiner Perkins, Felicis, Initialized Capital, Altos Ventures, Y Combinator, and existing investors."
America's $1.6 trillion construction sector confronts long pre-construction delays that have worsened a 4.7 million housing unit shortage and raised median home prices by $88,000 since 2020. Developers report widespread permitting delays—77%—and some cities, like San Francisco, average 33 months for approvals while many markets see more than 300 days from permit to final inspection. PermitFlow deploys AI agents to automate jurisdiction research, permitting, inspections, and license management, cutting approval times from months to days. Since 2021, the platform has enabled over $20 billion in construction value using a 12M+ municipal data set, delivering 2.5X faster approvals and about 5X ROI with customers including major builders and retailers.
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