CHAMPAIGN, Ill. & ST. LOUIS–(BUSINESS WIRE)–Reconstruct
provides a ‘visual command center’ for projects enabling project
executives to proactively and precisely manage construction progress
including detecting current, past, and future performance issues. The
platform’s 3D timelines enable real-time coordination among general
contractors, subs, owners, and lenders. A labor-intensive process that
relied on paper or spreadsheets and took weeks now takes minutes.
Customers like Walbridge, Clayco, Taisei, and Kajima are experiencing
benefits that impact the profitability of their projects.
CEO, Zak MacRunnels notes, “In order to revolutionize the industry, our
investors needed to understand real estate and construction. We get that
Capital. Together we make it easy for construction firms and real
estate developers to realize efficiencies and savings by integrating our
technology into their operations.” With roots in Silicon Valley and the
Midwest, Reconstruct understands the challenges traditional industries
face in adopting innovative technology. This capital allows the company
to expedite that transition while extending its lead in computer vision
and machine learning and opening offices in Texas, Chicago, NYC and
Cultivation Capital Partner and Board Member, Barry Sandweiss sees
incredible potential in the company. “Reconstruct has the opportunity to
transform the management, financing, and insuring of projects in
construction and beyond.”
Reconstruct has already built success stories. “Reconstruct gives us
timely insights that positively impact scheduling and enables seamless
alignment among our departments helping us avoid unnecessary delays,”
says John Jurewicz, General Manager, Walbridge.
Kajima Building & Design is another customer headquartered in Japan.
”Reconstruct’s software gives us a ring-side seat to the sites even if
we are miles away, letting us see progress and manage potential risks of
each project,” states Zane Ardis, Project Manager.
Oracle has been integral to Reconstruct’s growth trajectory via its
Global Startup Ecosystem and Construction and Engineering Units.
MacRunnels states, “Without the power of Oracle Cloud Infrastructure and
Primavera P6 integration, we would not have seen such quick adoption.”
Oracle Executive Director Burcin Kaplanoglu adds: “Reconstruct is an
anchor tenant of our Innovation Lab and has delivered significant value
to our joint customers. We look forward to a long-term relationship.”
The technology was patented by founders, Dr. Mani Golparvar and Dr.
Derek Hoiem, from the University of Illinois where the R&D team is based
while management is in Menlo Park, California. Cultivation Capital
invested alongside Serra Ventures and Seyen Capital.
is a SaaS platform for construction and real estate. Reconstruct’s AI
capabilities provide indoor/outdoor views and a 3D timeline for project
stakeholders to track and resolve project issues in a virtual
environment before they impact cost and schedule.
About Cultivation Capital
Capital, a family of venture funds and accelerators, makes early
stage investments in technology and life sciences companies in
undercapitalized geographies. Since the firm’s founding in 2012, they
funded over 140 startups.
Dom Santomieri, Reconstruct
Meg Brigman, Cultivation Capital