Munich-based construction technology company Conxai has raised $5.8 million in a Series A funding round.
The round was co-led by BayBG Venture Capital and Capricorn Partners. In addition, investors such as Pi Labs, Earlybird, Noa, Zacua Ventures, and Argonautic Ventures also participated.
The company plans to use the capital to expand its operations and increase its market presence. It also aims to strengthen its platform capabilities across regions.
Conxai, led by CEO Sharique Husain, develops a no-code AI platform designed for the construction sector. The platform enables companies to manage data-driven operations at scale.
Moreover, it automates key construction workflows. These include project analysis, bid evaluation, and on-site activity tracking. As a result, users can improve efficiency and decision-making.
Currently, the platform is used by architecture, engineering, and construction (AEC) firms as well as industrial enterprises. These users are spread across the United States, Europe, Latin America, and Japan.
Going forward, the company is expected to focus on expanding its reach in these regions. At the same time, it may explore new markets where digital adoption in construction is increasing.
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