Digs, a Vancouver-based startup developing AI software for residential construction, secured $25.3 million in Series A funding. The round was led by Builders FirstSource, a major building materials supplier.
The funding positions Digs to expand its AI platform designed to streamline residential construction processes. Builders FirstSource's participation as lead investor signals confidence in AI applications across the construction sector and suggests potential integration opportunities with the distributor's existing customer base.
Residential construction has increasingly become a target for automation and AI-driven solutions, as builders face labor shortages and project management challenges. Software platforms addressing these issues have attracted significant venture capital investment.
Digs joins other construction-tech startups working to digitize workflows, improve project efficiency, and reduce costs. The company's focus on residential construction—a massive market segment—offers substantial scaling potential.
Builders FirstSource distributes building materials and supplies to professional contractors and builders across North America, making it a strategic partner for a construction-focused software company.
Bonobos co-founder Andy Dunn's startup Pie is expanding beyond event planning to function as a broader social platform. The app now offers digital spaces for groups to connect, organize, and coordinate plans.
Physical AI robotics startup Generalist has reached a $3 billion valuation following a $200 million funding extension, just months after crossing the $2 billion mark.
Stability AI, the company behind image generator Stable Diffusion, has secured $76 million in fresh funding. The raise brings the startup's total capital raised to $232 million.
South Korean AI services platform Wrtn Technologies closed a Series C round of approximately $72.2 million at a $722 million valuation. The funding brings the company's total capital raised to roughly $166 million.