Left to Right: Jonas Neihardt,Tera Advisory board member, joins as an Advisor; Adam Wiśniewski (CTO); James McDougall, partner at Tera, will continue on as a board member; Michael Mazur (CEO)
Tera Fund II company AI Clearing has recently raised a $14m Series A led by Prudence VC, a proptech-focused fund based out of New York. Tera Ventures also participated having led both previous rounds.
AI Clearing uses drones and other data sources within their software platform to help businesses track how work is progressing on large construction projects such as roads, railways, solar farms and airports.
Having already worked with companies like French construction giant VINCI, Canada's PCL Construction and Portugal's oil and gas company Galp, the funding will be used to accelerate growth across the US, Europe and the Middle East where the team also recently signed NEOM as a client as well.
- You can read more on the round via Sifted