Kaya AI, a New York-based provider of construction supply chain intelligence solutions, has raised $5.3 million in a pre-seed funding round.
The funding was led by 53 Stations, Suffolk Technologies, and Soma Capital, with participation from Barclays Black Formation Investments (managed by Zeal Capital Partners), RXR, Mantis VC, Virta Ventures, and other investors.
The company plans to use the capital to enhance its operations and accelerate development efforts.
Led by CEO Ojonimi Bako, Kaya AI focuses on streamlining the construction supply chain through an AI-enabled platform. The platform integrates with existing workflow tools to eliminate data silos and provides comprehensive procurement tracking from submittal to delivery.
In a statement, Bako emphasized the platform’s impact: “Kaya AI’s AI-native platform addresses these challenges, reducing the time teams spend managing procurement through delivery by 80% and ensuring seamless project execution. Backed by leading investors and customers, we’re ready to scale our impact and transform these critical industries.”
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By Proptechbuzz
By Ravi Kumar