4 years ago

Alphabet's GV Leads £13.5 Million Investment in UK Construction AI Startup nPlan

  • nPlan, a UK-based startup using AI to predict construction project outcomes and mitigate risk, has secured £13.5 million in funding led by GV, Alphabet's VC arm

  • The investment will be used to scale nPlan's algorithm-led assurance platform and launch a new category of insurance covering project overruns

  • nPlan's platform has already analyzed nearly $1 trillion worth of global construction projects, helping customers like Network Rail save millions on projects by identifying and mitigating risks.

      • ProblemTechnology Infrastructure

      "Construction projects are notorious for struggling to stick to deadlines or budgets. This leads to delays, overspends, and a lack of confidence for investors."

      Solution

      "nPlan uses machine learning to analyze past projects and predict the outcomes of future projects. This allows customers to identify potential risks and take steps to mitigate them. The platform also helps to improve project planning and reduce the likelihood of delays and overruns."

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