A London-based startup which is using AI to predict engineering and construction projects before they become live has raised a $3.5 million seed round led by Andreessen Horowitz Speedrun. Called Cascade, the startup is founded by Hannia Zia and Joana Ferreira, two former Google operators who met at UnlikelyAI, the startup founded by the co-creator of Amazon Alexa, William Tunstall-Pedoe.
Ada Ventures, Blitzscaling Ventures, Indico Capital, shuckerVC, G2C Ventures and Snowball VC also invested in the round. The startup, which is also based in New York, is leveraging AI to help architecture, construction and engineering firms win projects early, it says, reducing the reliance on manual processes.
It says its tech can predict projects before they become public, reading signals like bond filings, budget announcements, permits, capital plans, property transactions, earnings transcripts, budget announcements and meeting minutes.
It claims to have surfaced over $10bn in project opportunities for its clients, including major players who build for the likes of JFK and LaGuardia airports. It says it will use the funding to "deepen its network" and speed up adoption of its tech.
Zia says: "Every firm we work with can point to a project they should have won but never even had a chance to see. Cascade is built around the bottom line: find the right work early, understand where you have a real advantage, and turn that into revenue delivered.”
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