LivSYT Secures $2.5 Million Funding Boost from Silicon Valley Quad and Inventus Capital for US Expansion and AI Exploration

LivSYT Secures $2.5 Million Funding Boost from Silicon Valley Quad and Inventus Capital for US Expansion and AI Exploration

In a significant milestone for LivSYT, the cutting-edge construction management software provider announced on Tuesday that it has successfully raised $2.5 million in a seed funding round led by Silicon Valley Quad and Inventus Capital. This latest capital injection brings LivSYT’s total funding to an impressive $4.5 million. The funds will be pivotal in propelling LivSYT’s expansion into the lucrative US market and facilitating the exploration of novel applications for artificial intelligence and machine learning.

Founded in 2021 by visionary entrepreneur Karthik Thumu, LivSYT currently boasts an annual recurring revenue (ARR) of $1 million. With this fresh infusion of funds, the company sets its sights on achieving a robust $5 million in ARR by November 2025, as articulated by Brajesh Bhanj Deo, LivSYT’s Chief Financial Officer.

Expressing enthusiasm for the company’s future trajectory, Thumu stated, “We are excited to embark on this new journey, leveraging the expertise and support of our investors to further our mission of transforming construction management.”

LivSYT’s strategic move aligns with global trends in the construction market, which reached a staggering $13.57 trillion in 2023. With a surge in worldwide infrastructure investments, the industry is witnessing an increasing reliance on technology, particularly mobile platforms and AI, to enhance project efficiency and safety.

In the US, where the construction sector is poised for a 5.9% increase in deliveries in 2023, according to JLL, LivSYT is primed to capitalize on the heightened demand for innovative solutions. The company’s client portfolio includes esteemed consulting and engineering firms such as Systra, DRA, and Elemental Realty. LivSYT’s on-site construction management software has proven instrumental in elevating productivity and profitability for its clients’ projects, establishing the startup as a formidable player in the evolving construction technology landscape