What is Doxel?
Founded in 2015 and headquartered in Redwood City, California, Doxel operates at the intersection of artificial intelligence and construction management. The company deploys AI-powered robots that utilize image and laser scanning technologies to meticulously track project progress and conduct quality inspections. By continuously updating budget and schedule information based on real-time data, Doxel provides critical insights to enhance productivity and mitigate risks within complex construction projects. This innovative approach positions Doxel as a key player in driving efficiency and data-driven decision-making in the traditionally labor-intensive construction industry.
How much funding has Doxel raised?
Doxel has raised a total of $56.5M across 3 funding rounds:
Other Financing Round
$4.5M
Series A
$12M
Series B
$40M
Other Financing Round (2018): $4.5M, investors not publicly disclosed
Series A (2020): $12M led by Amplo
Series B (2021): $40M supported by Amplo, Insight Partners, and Andreessen Horowitz
Key Investors in Doxel
Amplo
Amplo is a venture capital firm that typically invests in early-stage technology companies, likely focusing on disruptive innovations.
Insight Partners
Insight Partners is a global venture capital and private equity firm that invests in high-growth technology and software companies.
Andreessen Horowitz
Andreessen Horowitz is a prominent venture capital firm known for investing in technology startups across various sectors, often at different stages of growth.
What's next for Doxel?
The substantial enterprise-level capital infusion, culminating in a total funding of $56.5M, signals Doxel's readiness for accelerated growth and market expansion. The recent strategic investment of $40M is likely to fuel further development of its AI robotics technology, enhance its data analytics capabilities, and broaden its client base. Doxel is poised to further solidify its position as a leader in construction technology, potentially exploring new applications for its AI solutions and expanding its geographic reach to address global construction challenges.
See full Doxel company page
