Attentive.ai, a prominent AI-driven SaaS startup, has successfully concluded its Series A2 funding round, bringing the total Series A raise to $12 million across two tranches (A1 and A2).
The A2 round saw lead investment from Tenacity Ventures, with additional participation from Vertex Ventures, Peak XV Partners, and InfoEdge Ventures.
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Shiva Dhawan, Co-Founder & CEO of Attentive.ai, comments on the company’s trajectory and vision: “Our mission is to be the best preconstruction solution in the industry. With our AI-based product – Beam AI, our users can save valuable time spent on doing manual takeoffs and focus on driving growth for their business. This funding is a testament to our commitment to this mission.”
In order to facilitate wider industry adoption, this most recent round of investment will drive the development and introduction of AI-powered solutions for the construction sector and spearhead expansion into more construction trades.
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Rohit Razdan, Co-Founder & MD Tenacity Ventures, added: “We have tracked Attentive for more than a year before investing. During this time Shiva and the Attentive team made strong progress on bringing cutting edge software tools to both the outdoor services and the construction industry. They understand that these industries are underserved, and the AI/software augmentation of a workforce that has a big capacity crunch, is very timely. We believe Attentive will be a great partner to forward-looking and growth oriented firms in these industries.”
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About Attentive.ai
Founded by Shiva Dhawan and Rishabjit Singh, Attentive.ai aims to revolutionize the construction and outdoor services industries by automating manual takeoffs using advanced AI technology.
Its innovative solutions are trusted by industry leaders such as Rexel, National Wholesale Supply, Infinity Contractors, Silicon Valley Mechanical, Juniper, Sperber, and US Lawns, enabling businesses to streamline operations and enhance efficiency.
