Silicon Valley Quad and Inventus Capital have contributed $2.5 million to the seed round of funding for LivSYT, a provider of construction management software.
The proceeds will assist LivSYT in entering the US market and investigating new use cases for machine learning and artificial intelligence, bringing the total amount raised to $4.5 million.
LivSYT, a self-service, self-adopting software designed to help modular manufacturers, contractors, and third-party inspectors complete projects more quickly, was founded in 2021 by Karthik Thumu. Because of its granular real-time operations visibility and controls, job-site productivity can be increased through coordinated resource mobilization.
The company estimates that its annual recurring revenue (ARR) is currently $1 million, and by November 2025, it hopes to reach $5 million.
Consulting and engineering firms like Systra, DRA, and Elemental Realty are among LivSYT’s clientele. It offers them its on-site construction management software, which increases project profitability and productivity.
Its rivals are Powerplay and Onsite, who each raised $7.14 million and $1.5 million in the most recent fundraising round.
