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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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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.
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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.

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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.
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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.
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