Cloud-native platform offers contractors a single solution for data-driven sourcing, purchasing and financing of strategic equipment

CHARLESTON, S.C., March 27, 2025 /PRNewswire/ — BuildVision, a commercial construction procurement platform, today closed on a $10 million Series A round of funding led by Norwest Venture Partners with participation from existing investor Crosslink Capital. This round brings the total funding raised to $13.8 million. BuildVision will use this round to accelerate development of its cloud-native procurement platform with new product and engineering hires, drive greater artificial intelligence (AI)-powered automation, expand adoption among the top 100 ENR contractors and grow build supplier and OEM partnerships.

“Construction is one of the largest industries still plagued by inefficient, manual procurement. BuildVision is tackling this head-on with a digital-first platform that brings structure, transparency and automation to a historically fragmented process,” Sean Jacobsohn, partner at Norwest Venture Partners, who will join BuildVision’s board. “BuildVision offers a unique value proposition that helps contractors simplify the procurement process, offering more visibility, which drives down costs, reduces risk and speeds up construction timelines. We look forward to working with the team as they position BuildVision to become the dominant player in the multi-billion enterprise construction software market.”

Unlock Cost Savings and Faster Procurement with Data-Driven Process

Contractors have traditionally relied on local subcontractors and distributors to source and procure engineered building systems—a fragmented, relationship-driven process that adds unnecessary markups and delays. BuildVision eliminates inefficiencies by connecting contractors directly with manufacturers and suppliers on a single, cloud-native platform.

By transforming relationship-based procurement into a data-driven process, BuildVision gives contractors greater control, cost transparency and a faster path to market. With BuildVision, contractors can:

• Cut costs by up to 20% and accelerate procurement – Improve lead times and eliminate unnecessary mark-ups with direct sourcing
• Strengthen supplier collaboration – Manage relationships and negotiations at scale
• Maximize margins – Leverage aggregated demand for better pricing.
• Gain real-time visibility – Instantly track RFQ statuses and procurement progress
• Ensure on-time deliveries – Improve coordination across multiple job sites

“Construction procurement is broken. By revolutionizing how every component is sourced, purchased and financed, BuildVision is not just building software—we’re creating a network that fundamentally changes how $300 billion in building systems are procured annually,” said Mike Powers, CEO of BuildVision. “Our latest round of funding enables us to accelerate adoption and help more contractors make smarter, faster procurement decisions—reducing costs, improving project profitability and reducing risk across the supply chain.”

BuildVision: The Critical Control Point for Commercial Construction Procurement

BuildVision centralizes procurement for strategic building systems—like chillers and switchgear—by bringing all stakeholders onto a single platform to source, purchase, and track equipment in real time. As the platform expands, BuildVision is evolving into a full-service procurement hub, integrating financing, logistics, and supplier performance tracking to drive industry-wide standardization.

Customer Quotes:

David Hamilton, Senior Vice President, Construction Procurement Solutions, a procurement firm backed by STO Building Group, a privately-owned, $12 billion family of top-tier builders headquartered in New York City “BuildVision has fundamentally changed how we source and procure mechanical and electrical systems. The ability to view projects across our vast geographic reach, compare quotes, track procurement across projects and engage directly with suppliers has transformed our service offering to our clients, bringing much more control over products, lead-times and cost.”

Jeremy Lee, General Contractor Program Leader, Trane Technologies “Procurement in the construction industry is antiquated and inefficient. Technology-enabled platforms like BuildVision represent the future. Trane is excited to be part of this transition.”

To learn more about BuildVision, email mike@buildvision.io.

About BuildVision

BuildVision is revolutionizing commercial construction procurement with a digital-first platform that transforms the process from a fragmented relationship-based activity to a strategic data-driven approach. The platform creates a comprehensive procurement network that enables construction companies to aggregate demand across projects, access competitive pricing, mitigate risk through supplier diversification and procurement standardization, manage relationships at scale and achieve cost savings of as much as 20%. BuildVision was founded by industry veterans CEO Mike Powers, who brings experience from Turner Construction and BuildingConnected (acquired by AutoDesk), and CTO Christophe Prakash, a technical engineering leader at BuildingConnected. Headquartered in Charleston, S.C., the company has raised $13.8 million from Norwest Venture Partners, Crosslink Capital, Euclid Ventures and 43 Ventures. For more information, visit www.buildvision.io.

SOURCE BuildVision

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