VC Fund Investments
Construction mgmt s'ware co LivSYT raises $2.5 M from Silicon Valley Quad, Inventus
LivSYT, a Hyderabad- and Austin, TX (USA)-based construction management software provider, has raised USD 2.5 million in a seed round from Silicon Valley Quad and Inventus Capital. The proceeds, which pushes the overall sum raised to USD 4.5 million, will help LivSYT expand into the US market and explore new artificial intelligence and machine learning use cases. Founded by Karthik Thumu in 2021, LivSYT is a self-service, self-adopting software for modular manufacturers, contractors, and third-party inspectors to expedite project completion. It provides granular real-time operations visibility and controls, allowing for coordinated resource mobilisation to increase job-site productivity. The company currently claims to have an annual recurring revenue (ARR) of USD 1 million. Its clients include consulting and engineering firms Systra, DRA and Elemental Realty.
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