CHECKTOBUILD Company Profile

Background

Founded in May 2020, CHECKTOBUILD is a construction technology startup that leverages artificial intelligence (AI) to automate quality control, progress tracking, and measurement processes in construction projects. The company's mission is to enhance efficiency, transparency, and sustainability within the construction industry by providing real-time, data-driven insights. Originally established in Spain, CHECKTOBUILD relocated its headquarters to Miami, Florida, in March 2022 to better serve the U.S. market and facilitate international expansion.

Key Strategic Focus

CHECKTOBUILD specializes in integrating Building Information Modeling (BIM) with reality capture technologies, utilizing AI to deliver up-to-date data that supports decision-making in construction. The company's core objectives include reducing material waste, minimizing project delays, and improving overall project quality. By automating quality control and progress tracking, CHECKTOBUILD aims to serve general contractors, subcontractors, and project owners, helping them avoid rework and delays.

Financials and Funding

Since its inception, CHECKTOBUILD has secured multiple funding rounds to support its growth and technological development:

Pre-Seed Round (2021): Raised $200,000.

Seed Round (2022): Raised approximately $500,000.

Early Stage VC (December 2023): Raised $1.3 million, exceeding the initial target of $1 million. This round was led by the Kulldorff family office in Switzerland, with participation from Fides Capital, Brain VC, Capacity VC, and Beresford Ventures.

The capital raised is intended to implement projects with major construction firms and to spearhead international expansion efforts, particularly targeting the Middle East and Southeast Asia by 2025.

Pipeline Development

CHECKTOBUILD has been actively involved in over 30 pilot projects, collaborating with nine of the world's leading construction firms. The company plans to expand its client base to 15 major general contractors within the next 12 months and to 50 within two years. This growth trajectory is expected to drive annual revenues exceeding $10 million by 2025.

Technological Platform and Innovation

The company's proprietary platform, C2B, combines machine learning with 3D technologies to automate quality control and progress tracking in construction projects. Key features include:

Automated Quality Control: Utilizes BIM and reality capture technologies to detect discrepancies and monitor progress with high precision.

Progress Tracking: Provides real-time insights into project milestones and turnover dates, supporting timely decision-making.

Sustainability: Aims to reduce concrete waste through early error detection, thereby enhancing environmental sustainability.

Leadership Team

Alejandro Ruiz Lara: Co-Founder and Chief Executive Officer. Alejandro holds a software engineering degree from the University of Málaga and has a background in construction through his family's business. He has been instrumental in steering CHECKTOBUILD's strategic direction and international expansion.

Iván Zamarrón: Co-Founder and Chief Operating Officer. Iván oversees the company's operations, ensuring the seamless integration of technology and client services.

Wilde Ruiz: Co-Founder and Chief Marketing Officer. Wilde leads the marketing initiatives, focusing on brand development and market penetration strategies.

Competitor Profile

Market Insights and Dynamics

The construction technology sector is experiencing significant growth, driven by the increasing adoption of digital solutions to enhance efficiency and sustainability. The global construction industry is projected to grow substantially, with megaprojects expected to increase by 109% over the next decade.

Competitor Analysis

CHECKTOBUILD operates in a competitive landscape with several notable players:

VEERUM: A Canadian company offering digital twin solutions for industrial assets, focusing on improving project delivery and asset performance.

Versatile: Based in Boca Raton, Florida, Versatile provides AI-driven solutions to optimize construction site operations, enhancing productivity and safety.

Reconstruct: Headquartered in Menlo Park, California, Reconstruct offers a visual command center for construction projects, integrating reality capture with project scheduling.

These competitors focus on various aspects of construction technology, including digital twin solutions, AI-driven site optimization, and visual project management.

Strategic Collaborations and Partnerships

CHECKTOBUILD has established strategic partnerships to enhance its market position and technological capabilities:

Moss Construction: A leading general contractor in Florida, facilitating CHECKTOBUILD's entry into the U.S. real estate market.

Danosa: A company specializing in waterproofing and insulation, collaborating to automate and optimize construction processes using AI.

Operational Insights

CHECKTOBUILD's strategic relocation to Miami positions the company to capitalize on the growing construction markets in the U.S. and Latin America. The company's focus on automating quality control and progress tracking differentiates it from competitors by offering a comprehensive, AI-driven solution that addresses multiple facets of construction project management.