Israeli AI construction startup Swapp raises $7m seed round for market expansion

Swapp, an AI-powered construction planning company, announced it raised $7 million in Seed funding, led by Point72 Ventures and Entrée Capital with the participation of existing investors. The investment will support Swapp's continued market expansion for its construction-planning platform and expand its AI capabilities.

By streamlining the conception, architectural design, and engineering processes, Swapp's AI platform helps real estate developers and construction companies maximize their property investments and realize the full potential of their sites and projects by enabling them to directly control every phase of their project planning process.

In addition to generating, optimizing, and iterating design options, Swapp's platform also supports construction coordination of structural, architectural, engineering, mechanical, electrical, and plumbing (MEP) plans and produces detailed construction drawings and design models according to customers' needs and requirements.

Daniel Gwak, partner, Point72 Ventures: "We believe Swapp has the ability to reinvent architecture by automating the entire construction planning process. Swapp's AI-powered platform is designed to help modernize real estate development by simplifying the slow and fragmented planning process, allowing developers to create a full set of architectural plans within weeks. We are pleased to support their continued growth."

Eran Bielski, General Partner, Entrée Capital: "Investing in Swapp was an easy decision once we heard the CEO, Eitan Tsarfati, speaking about his vision and saw the team he gathered to execute it. Our investment in Swapp reflects our belief that using AI to streamline and optimize operations will increase efficiencies for developers and general contractors in the industry."

Eitan Tsarfati, Co-founder and CEO, Swapp: "Swapp's AI solution is a game-changer in the field of real estate development and construction-planning. As an experienced Harvard graduate architect and a serial entrepreneur, Tsarfati looks to reinvent the role of architecture with Swapp's AI-based platform. "For the first time in the history of construction, real estate developers and construction companies can use a single platform to build their entire construction planning project and begin work within weeks instead of 9-12 months. We are already working with some of the biggest names in the construction industry to replace the slow, tedious, and inflexible construction planning process with our smart, efficient, and flexible, planning solution. This investment will help us grow our customer base and expand our AI capabilities to advance the future of construction planning."

www.swapp.net