London-based startup that helps construction companies automatically capture and process visual data from construction sites, Disperse has raised $16 million. The round was led by 2150 and backed by existing investors Northzone and Kindred Capital.
The company had earlier raised $15 million in a Series A investment in 2019.
Founded in 2015, the UK-based startup aims to disrupt the trillion-dollar construction industry. Disperse enables companies track progress across construction projects to identify inefficiencies, through capturing imagery and using computer vision to spot issues as soon as they occur — before they escalate into bigger problems. It also claims to help free people from repetitive manual admin so they can work on more important tasks.
Disperse founder and CEO Felix Neufeld said: “We see most technology on sites quickly become either fully abandoned, or become ‘zombie software,’ which is to say that the initiatives are technically still active but are solely kept alive for perception, or contractual obligations, without fulfilling their functional purpose.”