PermitFlow, which develops AI-powered workflow software for construction permitting, raised a $54M Series B led by Accel, a source says at a ~$500M valuation (Rashi Shrivastava/Forbes)
PositiveArtificial Intelligence
- PermitFlow, a company specializing in AI-powered workflow software for construction permitting, has successfully raised $54 million in a Series B funding round led by Accel, achieving a valuation of approximately $500 million. This funding will support the company's efforts to streamline construction processes and reduce bureaucratic delays in permitting.
- The significant investment reflects growing confidence in PermitFlow's technology, which aims to revolutionize the construction industry by leveraging artificial intelligence to enhance efficiency and transparency in permitting workflows.
- This development highlights a broader trend in the tech industry, where AI-driven solutions are increasingly being adopted across various sectors, including construction, drug discovery, and workplace automation, as companies seek to improve operational efficiencies and drive innovation.
— via World Pulse Now AI Editorial System
