Trunk Tools raises $20 million

Trunk Tools , a New York-based startup offering an AI-driven platform for the construction industry, announced a $20 million Series A round led by Redpoint Ventures, with participation from Innovation Endeavors and Pruven Capital.

Founded in 2021, Trunk Tools leverages advanced large language models to understand and query vast amounts of construction-related data. The platform helps construction professionals by providing near-instant access to critical information from documents, improving efficiency, reducing re-work, and ensuring that project managers, engineers, and superintendents have the information they need to make informed decisions quickly.

“We are thrilled to have the support of Redpoint Ventures and our other valued investment partners, as we push the boundaries of innovation in the construction industry. Redpoint’s expertise in investing and scaling AI companies is a perfect match and this funding will enable us to accelerate our growth, develop new products, and cement our place as industry leaders in generative AI for construction. What is another vote of confidence is how many of our current and prospective customers have invested: WND Ventures (DPR’s CVC), Suffolk Technology, AEC Angels, STO Building Group, Liberty Mutual Strategic Ventures, Thornton Tomasetti/ TTWiiN, Charps, and many more.” – Dr. Sarah Buchner, Founder and CEO of Trunk Tools.

“Growing up in the construction industry, I have a deep appreciation for the complexities of commercial projects. We have zero doubt of AI’s potential to revolutionize construction management. This is a truly massive market opportunity, and we’ve been searching for a team that combines the empathy that only comes with deep industry experience with the AI expertise to execute this audacious vision. We’re thrilled to partner with Sarah and the team at Trunk Tools, who possess the ideal mix of passion, experience, and AI expertise to bring the power of AI to construction.” – Erica Brescia, Redpoint.