This Tel Aviv-based proptech startup uses AI to design buildings

Building design and construction processes are costly, exhausting, and time-consuming. Architects, engineers, and construction workers often face a wide range of challenges: from trying to find a way to lower the construction cost and account for all sustainability requirements to designing and installing security and electrical systems.

The Tel Aviv-based proptech company found a solution for these issues. BeamUP is a startup that uses software and artificial intelligence to fast-track the designing processes and “make the complexity of facility lifecycle management simple.” The company says it can lower the development's cost by at least 12 percent. 

“It’s very difficult to keep track of the thousands of regulations and technical specifications of devices and power and sustainability requirements,” founder and CEO of BeamUP Stephane Levy told The Real Deal. “We automate the process, making it faster and much more accurate.”

Recently, BeamUP raised $15 million in the first funding stage known as the seed round, which was led by Israeli-based StageOne Ventures and Colorado-based Ibex Investors. The funding will go towards the marketing and operation department to assist the company in its global expansion. According to TechCrunch, the company aims to digitize construction and property management to build smart, safe, and sustainable facilities. 

Stephane Levy says that the startup uses algorithms and deep learning models to help their clients automate the design process. In addition, this approach allows building owners and managers to keep track of the property by creating its digital twin stored in the cloud. 

“Buildings and the systems within them are as complex as cities, but the tools to design and manage them have not kept up,” wrote Levy in the press release. “By introducing intelligence and historic and macro level data into this industry, BeamUP automates manual processes to prevent dangerous compliance breaches and skyrocketing costs for enterprises who manage hundreds, if not thousands, of facilities.” 

Resources:

“Startup raises $15M to slash building systems design, construction costs,” by T.P. Yeatts (The Real Deal, 2022)

“AI-powered building design platform BeamUP emerges from stealth with $15M,” by Kyle Wiggers (TechCrunch, 2022)

“BeamUP launches the world’s first AI platform for sustainable design and lifecycle management of commercial real estate,” (BeamUp, 2022)