intelligence360
  • About us
  • Video News Daily
  • Contact Us
  • Search Icon

intelligence360

The Intelligent News Source

Rebar Closes $14M Series A Led by Prudence to Rapidly Scale its AI Platform for HVAC, Electrical and Plumbing Industries

Rebar Closes $14M Series A Led by Prudence to Rapidly Scale its AI Platform for HVAC, Electrical and Plumbing Industries

April 6, 2026 Craig Etkin

Less than a year into commercialization, the company is working with multiple large enterprise customers across thousands of projects per month

NEW YORK–(BUSINESS WIRE)–Rebar, a vertical AI platform building the core operating system for the HVAC, Electrical, and Plumbing industries, announced the closing of a $14 million Series A financing. The round was led by Prudence, an early-stage venture firm investing in vertical AI companies leading the global transformation of the built world, with participation from Zero Infinity Partners, Founder Collective, Villain Capital and Optimist Ventures.

Rebar’s proprietary vertical AI platform automates the processing of construction documents such as blueprints and spec books, extracting tens of thousands of data points from every new project. The company is leveraging this technology to automate the estimating and quoting process, fundamentally changing the ability for its customers – starting with HVAC contractors and distributors – to deliver quotes quickly and accurately. A process that has typically taken hours or even days can now be completed in minutes with greater levels of accuracy.

“I spent years completing estimates by hand and have a deep understanding of this process that industry participants deal with every day,” said Evan Brown, CEO of Rebar. “This is a pain point that previously seemed unsolvable with legacy technology, but leveraging our proprietary AI platform, contractors and distributors can spend less time buried in back-office work and more time with customers, winning new business.”

Quoting is one of the most critical workflows in construction, yet it remains highly tedious and manual. Historically, stakeholders have had to manually review large sets of architectural plans, in some cases amounting to hundreds of pages, in order to generate a quote for each job. Legacy technologies have been nothing more than a digital replication of the pen-and-paper process. Using Rebar, contractors and distributors are delivering more bids at a lower cost, leading to higher win rates and increased revenue.

“HVAC, electrical and plumbing are massive end markets that have historically had very little purpose-built technology and rely mainly on manual processes,” said Jordan Viniar, General Partner at Prudence. “By leveraging Rebar’s proprietary AI platform, these businesses are leapfrogging software and adopting a solution that is orchestrating and automating end-to-end workflows. This is orders of magnitude better than anything this end market has seen before and is both a cost saver and revenue generator. The Rebar team is perfectly positioned to capitalize on this opportunity with their mix of industry expertise and deep technical capabilities.”

The funding will further fuel the expansion of Rebar’s operating system, allowing the company to build additional agentic solutions solving pain points for more workflows and additional stakeholders across the HVAC value chain. The company is also planning to expand its product into adjacent verticals, such as electrical and plumbing, and to additional geographies both in the U.S. and internationally.

About Rebar
Rebar has developed the AI operating system for the HVAC industry, leveraging their proprietary models to automate the estimating and quoting process for contractors and distributors. Customers can quote jobs in minutes instead of hours or even days, allowing them to submit more bids at a lower cost and win more business. For more information visit www.withrebar.ai.

About Prudence
Prudence is an early-stage venture capital firm investing in vertical AI companies leading the global transformation of the built world. The firm invests across multiple verticals, including construction, real estate, and infrastructure. Prudence is an early investor in companies such as AI Clearing, Casafari, Clearstory, Compass (COMP), CREXi, Evernest, Hemlane, Maxwell, Planera, Propexo, Salus, Sundae, Trunk Tools, Uniti AI and VendorPM. The firm is headquartered in New York City and invests globally. Learn more at https://prudence.vc/

Contacts

Press Contact:
Name: Evan Brown
evan@withrebar.ai

(c)2026 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, New York, Rebar, Venture Capital

Post navigation

NEXT
As AI Reshapes Higher Education, Nectir Raises $12.5M to Scale its Purpose-Built AI Infrastructure for Schools
PREVIOUS
Autoscience Raises $14M to Build the World’s First Automated AI Research Lab
Comments are closed.

Source: http://go.intelligence360.io/ and https://intelligence360.news/

Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
Subscribe

Categories

Recent Posts

  • Veeam Appoints Michelle Graff as Senior Vice President of Global Partners and Channel July 10, 2026
  • Peregrine Technologies has raised $250 Million in new Series D funding July 10, 2026
  • Unilever plans $270 Million expansion in New Haven Connecticut creating 300 new jobs. July 10, 2026
  • OffPlan has raised $2,500,000.00 in new Seed funding July 10, 2026

Archives

© 2026   Copyright SI360 Inc. All Rights Reserved.