Zero RFI has issued a statement about the launch of an artificial intelligence (AI) platform for the construction industry. The company simultaneously shared that it had received a $13.8 million Seed round from General Catalyst.
The thesis of Zero is predicated on the construction industry’s size of $10 trillion annually, yet it has experienced declining productivity over the past 40 years.
Zero RFI’s initial focus is to address this trend by initially focusing on serving building owners and developers. The company claims to “remove friction, reduce uncertainty, and bring clarity to decision-making across the full lifecycle of the built world.
General Catalyst believes that Zero will become a “force multiplier” by combining the best of AI and the construction industry.
To accelerate the speed of development of the service, Zero has acquired several construction-affiliated companies, including Brookwood Group and BuildingWorks, as well as KP Reddy Co.
