Constru

Company Overview

Snapshot

Founded in July 2017 by Michael Sasson, Shalom Bellaish, and Ron Zass, Constru is an AI construction platform with 51–200 employees. The company raised $2.5M across one funding round from one investor. In April 2023, Constru faced insolvency, attributing the situation to judicial overhaul.

Business overview

Constru develops an advanced artificial intelligence platform for the construction sector, leveraging computer-vision technology to enhance inspection and analysis of construction processes. The solution assesses execution quality, budget, and schedule, aiming to reduce project risk, improve efficiency, and increase return on investment. Operating within the Industrial Technologies sector, Constru serves the construction industry across North America, Europe, and Russia.

Strategic signal

In April 2023, Constru announced it was up for sale after claiming that judicial overhaul led to funding issues and insolvency. This development signals significant operational challenges and a potential shift in the company's future, highlighting the impact of external political and economic factors on startup 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 construction processes.

When was Constru founded and by whom?

Constru was founded in July 2017 by co-founders Michael Sasson, Shalom Bellaish, and Ron Zass.

What was the reported reason for Constru's insolvency in April 2023?

In April 2023, Constru attributed its insolvency and decision to go up for sale to the impact of judicial overhaul on its funding.

What is the total capital raised by Constru?

Constru raised $2.5M across one funding round.

Which investor participated in Constru's funding round?

NFX Capital participated in Constru's seed funding round in July 2019, which raised $2.5M.