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Reconstruct Raises Strategic Investment to Accelerate its AI and ML Capabilities for Global Expansion

Reconstruct Raises Strategic Investment to Accelerate its AI and ML Capabilities for Global Expansion

May 28, 2025 Craig Etkin

MENLO PARK, Calif.–(BUSINESS WIRE)–Reconstruct, Inc., the leading provider of visual reality digital twins for capital assets, completed a strategic investment up round. Proceeds will be used to accelerate its deployment of AI and machine learning (ML) capabilities.

“Reconstruct’s newest AI and ML features provide visibility to owners and builders within minutes that previously would have taken weeks and a workforce that no one has available anymore.” Zak MacRunnels, CEO, ReconstructShare

Reconstruct’s Visual Command Center (VCC) is gaining worldwide traction across all aspects of projects’ lifecycles — from construction, renovation, as-builts and beyond. Zak MacRunnels, CEO of Reconstruct, comments: “Our industrial and infrastructure customers are accruing the biggest ROI from the VCC’s uniquely aligned measurability, mapping and monitoring capabilities for the world’s largest construction projects. Reconstruct’s newest AI and ML features provide visibility to owners and builders within minutes that previously would have taken weeks and a workforce that no one has available anymore.” Several of Reconstruct’s customers below discuss how they use the VCC for assessing and monitoring industrial and infrastructure projects.

Mark Ilich, Co-Founder/EVP of Procon Consulting, comments: “We’ve deployed Reconstruct’s VCC since 2019 and are impressed with the substantial efficiencies gained by using their world-class technology in image recognition and photogrammetry point clouds.” Stephen Devito, Director of Technology, added: “By utilizing Reconstruct on a 600,000 square foot federal project in Denver, we generated a measurable, reality-mapped digital twin in two days when conventional laser scanning would have been cost-prohibitive and taken over 2 months.”

Tanja Kufner, Head of Start Up & Venture Investment at the Nemetschek Group, states: “We continue to integrate and partner with Reconstruct. Our investment reflects a strong commitment to connect them to our global ecosystem. Reconstruct is playing a pivotal role in advancing the digital transformation of the AEC/O industry, delivering powerful AI-driven insights and analytics across every phase of an asset’s lifecycle – past, present and future.”

Kelly Barber, Division Chief Engineering Automation and Services of PennDOT, states, “We want to ensure that we have a digital backbone that is platform inclusive and allows us to capitalize on our investments. On the four construction projects that we have used this on, Reconstruct provides the ability to combine videos and photos from drones and 360-cameras to create 3D reality models. This allows our construction and operations teams to thoroughly track progress and virtually navigate sites to get unique insights and measure any part of the site with sub-inch accuracy.”

Jordan Cram, CEO of Enstoa, adds: “Having worked with Reconstruct on multiple continents, we are excited by the real-time and insightful analytics that Reconstruct provides to our mutual customers. Their AI enables us to find issues before they become issues. We are now taking capital asset management to a new level.”

About Reconstruct

  • Menlo Park-based SaaS company with thousands of projects used every day across six continents to manage lifecycles of its customers’ capital assets with proprietary AI-ML engines

About Procon Consulting

  • Provides collaborative program and project management solutions nationwide. Offers a full range of management and support services for construction, space planning, technology management, and business management

About Nemetschek Group

  • Global software provider for the AEC/O industry offering solutions for the entire lifecycle of buildings and infrastructure projects. Founded in 1963, the company has grown to include 14 brands and over 4,000 employees worldwide

About PennDOT

  • Oversees programs and policies affecting highways, urban and rural public transportation, airports, railroads, ports and waterways with approximately 122,000 miles of state and local highways and 32,000 state and local bridges

About Enstoa

  • Focuses on accelerated digital transformation for the built environment with clients active across a wide range of industries including healthcare, real estate, public infrastructure, energy and utilities

Contacts

Media contact: Benjamin Dougal, media@reconstructinc.com

(c)2025 Business Wire, Inc., All rights reserved.


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Business Wire, California, Menlo Park, Reconstruct, Venture Capital

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WellTheory, the leading whole-person care platform for autoimmune disease, today announced the close of $5M in new funding and the successful rollout of its proprietary AI tools, Care Hub and Care Scribe, across its care operations. New investors Samsung Next, Opal Ventures, and Up2 Fund joined the round, with continued support from existing investors Accel, OVO Fund, and BoxGroup. WellTheory is a virtual care platform reversing the autoimmune epidemic by filling the gaps left behind in traditional healthcare. WellTheory offers a research-backed proprietary program that addresses the root cause of autoimmunity and treats the whole person with the aim to reduce symptoms, improve quality of life, and lower costs.

In a statement Ellen Rudolph, CEO and Co-founder of WellTheory said, “AI is no longer a nice-to-have in care delivery — its essential infrastructure.” “This new round of funding is allowing us to double down on our AI strategy, streamline the most time-consuming parts of care, and expand into new markets. We’re leading the charge in making whole-person, root-cause care more accessible, personalized, and effective and bringing it to scale through our growing partnerships with employers and health plans.”

WellTheory’s Care Scribe, the company’s proprietary AI assistant, now supports its Care Team by attending member sessions, transcribing conversations, and drafting follow-up notes and personalized Care Plans — all for provider review and customization. The tool has reduced provider prep and documentation time by 65%, enabling a more efficient and focused care experience. This meta-intelligence will power a more personalized, proactive experience for members, surfacing symptom patterns, optimizing interventions, and enabling the Care Team to deliver precision support at scale. By connecting the dots across a fragmented care journey, WellTheory aims to not only reduce the burden of autoimmune disease — but also to fundamentally reimagine how it’s managed.
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A growing Central Texas suburb will soon be the home of a new, massive tourist destination. Cedar Park, a city in Williamson County about 20 miles north of Austin, is getting a $95 million Marriott Hotel and Convention Center. The Cedar Park Marriott Hotel and Convention Center will be a new construction at 2155 Cedarview Drive, in Cedar Park. This landmark development will include a cutting-edge hotel with approximately 300 guest rooms, 30,000 square feet of event and meeting space, a full-service restaurant, a breakfast café, and an expansive pool area. Poised to become a focal point of Cedarview, this project will serve as a premier destination for both business and leisure travelers.

Construction on the new hotel and convention center began this May and is expected to end by February 2027. Cedar Park Marriott will be a 210,965-square-foot hotel with seven stories and 297 guest rooms connected to a 50,797-square-foot conference center. There will also be a 120,445-square-foot, three-story parking garage connected to the hotel to fit 320 slots. The project's entire construction site will cover 382,207 square feet.

Project developer Great Lakes Capital said that the hotel will also have "a full-service restaurant, a breakfast café, and an expansive pool area." This new Marriott will become one of Cedar Park’s only full-service hotels, meaning it can accommodate guests seeking on-site dining, recreation and concierge services. Great Lakes Capital is a real estate development and private equity firm uniquely positioned to add value to real estate investments through development, redevelopment and opportunistic investment across the real estate spectrum and throughout the capital structure. Headquartered in South Bend, Indiana, with over $1 billion in assets under management or development, GLC concentrates on several core asset classes, including mixed-use, multifamily, industrial, medical office and other similar conforming product types. As a market leader in new development, GLC actively addresses the needs of tenant partners in addition to speculative development meeting needs the market has not yet reacted to. Luminaut in Cincinnati is listed as the design firm on the project.
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Acrisure has announced it has entered into a definitive agreement for the issuance of new convertible senior preferred stock in a $2.1 billion capital raise led by Bain Capital. Funds from the round will be used to refinance a portion of its existing non-convertible preferred stock, pursue strategic accretive M&A and accelerate its development as a tech-enabled financial services platform, advancing its strategy to become the preeminent fintech solutions provider for millions of small- and medium-sized businesses domestically and abroad. The investors involved in the transaction include Bain Capital Special Situations, Fidelity Management & Research Company, Apollo Funds, Gallatin Point Capital, BDT & MSD Partners, and a consortium of other investors. No existing investor exited as part of this transaction. BDT & MSD remains the largest minority shareholder in Acrisure through affiliated funds.

In a statement Greg Williams, Chairman, CEO and Co-founder of Acrisure said, “This transaction represents a significant milestone and serves as proof that our vision for Acrisure’s scaled platform has become a reality.” “Our evolution from an insurance brokerage into an AI- and technology-powered global financial services provider has opened the door to massive opportunity. I see limitless potential for how far Acrisure can go, and we’re extremely grateful for the financial support and validation from our investors.”

Going forward, Acrisure will continue to expand its footprint and product offerings through strategic, accretive M&A, fully integrating the platform created through its previous 900 acquisitions, and driving organic growth with its robust suite of tailored offerings, which now includes real estate services, cybersecurity tools, payroll and payment processing, and retirement and wealth solutions. Acrisure’s unprecedented growth has driven the company’s valuation to $32 Billion, marking a nearly 40% increase since its last institutional capital raise just three years ago. A global fintech leader, Acrisure empowers millions of ambitious businesses and individuals with the right solutions to grow boldly forward. Bringing cutting-edge technology and top-tier human support together, it connects clients with customized solutions across a range of insurance, reinsurance, payroll, benefits, cybersecurity, real estate services – and beyond. In the last eleven years, Acrisure has grown in revenue from $38 million to almost $5 billion and employs over 19,000 colleagues in 23 countries.
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