Constru

Company Overview

Snapshot

Founded in July 2017 by Michael Sasson, Shalom Bellaish, Ron Zass, and Moshe Nachman, Constru operates with 51–200 employees. The company raised $2.5M across one funding round from one investor. In May 2023, Constru ceased operations.

Business overview

Constru develops an AI construction platform that utilizes computer vision technology to enhance the inspection and analysis of construction processes. The platform assesses execution quality, budget, and schedule to reduce project risk, improve efficiency, and increase return on investment. It serves the construction and real estate industries, operating within the Industrial Technologies sector with a focus on Artificial Intelligence and Computer Vision.

Strategic signal

In April 2023, Constru faced significant operational challenges, with reports indicating the company was up for sale and facing insolvency. This development signals a critical downturn for the company, highlighting the volatile nature of startup ventures and the potential impact of external economic or political factors on funding and operational viability.

Company Intelligence Q&A

What is Constru's primary focus?

Constru focuses on bringing advanced artificial intelligence into the construction sector, using computer-vision technology for inspection and analysis of the construction process.

When was Constru founded and by whom?

Constru was founded in July 2017 by Michael Sasson, Shalom Bellaish, Ron Zass, and Moshe Nachman.

What was the last reported funding for Constru?

Constru raised $2.5M in a Seed round in July 2019. NFX Capital was an investor in this round.

What was the status of Constru in May 2023?

In May 2023, Constru ceased to operate, following reports in April 2023 that the company was up for sale after claiming judicial overhaul nixed funding.

What technology does Constru utilize?

Constru utilizes computer-vision technology and artificial intelligence to assess execution quality, budget, and schedule in construction projects.