San Mateo-based Primepoint has secured $10 million in seed funding to develop its construction intelligence platform and expand its presence in the US market.
The funding round was completed in two phases. Initially, the company raised $4 million, co-led by Penny Jar Capital and NextView Ventures. Later, it secured an additional $6 million led by Navitas Capital. Existing investors, including Penny Jar Capital and NextView Ventures, also participated in the second tranche. GS Futures and Aglaé Ventures joined the round, along with contributions from Dr. Yann LeCun.
Primepoint plans to use the capital to improve its platform capabilities. In addition, the company aims to expand its customer base among large commercial general contractors across the United States.
As construction projects grow in complexity, companies are increasingly adopting digital tools. Therefore, platforms that simplify workflows and improve accuracy are gaining attention.
Founded in 2024 by Lubomir Bourdev and Hamid Palo, Primepoint builds software designed for construction workflows. The platform focuses on reading and analysing construction drawings.
It uses artificial intelligence to support tasks such as constructability reviews, request for information (RFI) drafting, and submittal analysis. Moreover, it helps teams navigate drawings and connect project data. The system aims to deliver outputs that are traceable and aligned with project documents.
The company primarily serves commercial general contractors. At the same time, it has designed the platform to meet enterprise-level security requirements. This makes it suitable for large-scale construction organisations.
Primepoint has already tested its platform in real-world projects. One of its early deployments included an aeronautical university campus in Arizona.
Sundt Construction, an industry partner, played a role in shaping the product during these initial stages. As a result, the platform reflects practical use cases from active construction environments.
Going forward, Primepoint plans to expand its collaboration with Sundt Construction. The upcoming projects include a data centre, higher education infrastructure, and residential developments.
This expansion indicates the company’s intent to test its platform across diverse construction segments.
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