Swedish contech startup AI-BOB leverages AI to ensure construction projects comply with all necessary regulations, environmental requirements, and industry standards. By identifying errors at the blueprint stage, the company aims to eliminate costly real-world mistakes, optimising both costs and sustainability.
Strong investor backing
Now, the company has raised €2 million in fresh funding to enhance its AI-driven compliance solutions for the construction industry. The investment round, led by venture capital firm CapitalT. Additional backing came from NCA, a German VC firm specialising in construction technology, as well as a group of strategic angel investors. Prior to this round, AI-BOB had already secured €300K from EB Invest and €130K from the Norrsken Foundation.
The funding will allow AI-BOB to refine its product offerings and expand beyond Sweden, tapping into international markets where construction inefficiencies remain a critical issue. The support from investors with diverse industry expertise further strengthens the company’s growth trajectory.
The growing need for AI in construction
The construction industry has long grappled with errors and inefficiencies that drive up costs and cause significant delays. In Sweden alone, the National Board of Housing, Building and Planning estimates that construction errors amount to a staggering SEK 111 billion ($10.37 billion) annually, equivalent to approximately 50,000 newly built apartments.
AI-BOB’s AI-Agents provide a proactive solution, ensuring that construction issues are identified and corrected before they manifest in the physical world.
Eliminates construction errors at the source
The idea behind AI-BOB emerged from Elin Mårtensson’s extensive experience in the construction and real estate sectors. Frustrated by recurring errors and inefficiencies, Mårtensson, a property developer and building regulations expert, teamed up with co-founders Petter Wallberg, Rickard Svedenmark, and Olle Eriksson to create a solution that addresses these challenges head-on.
AI-BOB’s AI-driven platform is designed to analyse construction blueprints with millimeter precision, detecting compliance issues and design flaws before they escalate into expensive, time-consuming problems. This not only reduces costs but also minimises unnecessary construction waste, contributing to a more sustainable industry.
Despite being a young startup (founded in 2024), AI-BOB has already secured three global clients, demonstrating strong demand for its technology. By combining regulatory expertise with cutting-edge AI, the company is positioning itself as a leader in the contech sector.
“AI-BOB’s vision is a world where construction errors are not just minimized but eliminated. With this new capital, we can focus on developing an incredible product that truly makes a difference in the construction and real estate industry. It’s amazing to see international investors believe in us, and with their knowledge and networks, we can prepare to scale globally and enter new markets,” said Elin Mårtensson, co-founder and CEO of AI-BOB.
“What impressed us most is how quickly AI-BOB identified a real market problem and developed a smart, effective solution. With a strong team and a clear vision, they have the potential to transform this industry. We look forward to supporting their journey, which is just beginning,” added Janneke Niessen, Founding Partner at CapitalT.
