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United States · Enterprise software · AI · Fintech
An AI project-accounting platform that helps construction companies keep job costs, billing, payables and forecasts current using field and financial data.
Adaptive links project updates from superintendents and field teams with accounting records so finance staff can keep each job's costs, work-in-progress and forecasts current. Its agents collect updates by voice, text or email, code invoices to jobs and cost codes, prepare billings and flag change events while work is underway.
Construction CFOs, controllers, project accountants and the accounting firms serving builders use the platform for accounts payable, WIP reporting, forecasting, change orders, lien waivers and compliance tracking. Adaptive works alongside existing accounting and project-management systems; humans review actions before they reach the general ledger.
| Announced | Round | Amount | Investors |
|---|---|---|---|
| Series B | $30M | Tidemark — Lead3KVC — ParticipantAndreessen Horowitz — ParticipantDefinition — ParticipantEmergence Capital — ParticipantPathlight — Participant |