Build, a San Francisco-based real estate technology company, has raised $8.5 million in seed funding to expand its AI-driven infrastructure platform for property development.
The funding round was led by Index Ventures. Existing and new investors including Pebblebed, Puzzle Ventures, and Tiny.vc also participated.
The round additionally included technology executives such as Sarah Friar and John Stecher.
Build said the new capital will support the growth of its engineering and infrastructure teams. The company also plans to increase research and development efforts and strengthen commercial operations across North America and Europe.
The company focuses on automating parts of the real estate development process through artificial intelligence and infrastructure analysis tools.
Build was founded by James Stirrat-Ellis and Ben McClusky.
The company develops a multi-agent AI system designed to assist with several stages of large-scale real estate projects. Its platform supports workflows such as site sourcing, technical due diligence, power assessment, and early-stage structural planning.
According to the company, its infrastructure analysis workflows are connected to more than 1,600 data sources. Build also said it has deployed its AI systems across more than 100 projects for institutional clients, including Tishman Speyer.
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