Channel Angels Invests In Construction Estimating Software Startup Togal.AI
Togal.AI, a construction software startup, has raised $5 million in pre-series funding. The round was led by Florida Funders, with participation from Coastal Construction, along with executives from Meta, Goldman Sachs and Minitab. Channel Angels Founder Joe Panettieri participated in the round.
Togal.AI, founded in 2019, is based in Miami, Florida. The company develops cloud-based estimating software that leverages deep machine learning technologies. The software can analyze construction drawings and blueprints, and provide quantity reports and associated estimates in just a few seconds, according to this product overview view:
Total.AI Early Adopters
Leveraging Togal.AI, contractors and subcontractors can submit bids “faster than ever,” the startup asserts.
Togal.AI currently serves 25 of the 400 largest contractors in the U.S., CityBiz reported. DPR, Clark Construction, Stiles, Total Flooring and Coastal Construction are early adopters, that report noted.