Team TrickyScribe: In a move poised to redefine the landscape of construction technology, SitePace—a trailblazing PropTech startup—has secured a pivotal round of seed funding led by the esteemed SucSEED Indovation Fund, alongside contributions from other visionary angel investors. The investment marks a significant step towards SitePace’s mission: to digitally empower stakeholders with real-time, AI-driven insights into construction progress, thereby enhancing safety, transparency, and efficiency across the board.
Where Drones Falter and CCTVs Fail, SitePace Prevails
Why settle for drone limitations, fragmented WhatsApp messages, or static CCTV feeds when innovation offers so much more? SitePace challenges conventional norms by transforming helmet-mounted 360° video footage into intelligent, real-time virtual walkthroughs powered by AI. The result? Seamless coordination, complete visibility, and end-to-end transparency for developers, project management consultancies (PMCs), and architects alike.
Smarter Sites, Safer Outcomes—At a Fraction of the Cost
With its AI-first platform, SitePace is not just simplifying construction tracking—it’s revolutionizing it. The company boasts a remarkable reduction in cost leakages—from 12% of a project’s value to a mere 0.1%. Combined with its innovative “Pay-As-You-Build” pricing model, SitePace positions itself as a compelling solution to the sector’s long-standing woes of miscommunication, documentation lapses, and on-site inefficiencies.
From Pilot Triumphs to Nationwide Expansion
Having successfully piloted its platform with select early adopters in Mumbai and the NCR region, SitePace is primed for commercial rollout. Discussions are underway with Tier 1 and Tier 2 developers across India, and the startup plans to onboard over 500 clients nationwide—setting its sights on international markets in the near future.
Voices of Vision: Leadership Speaks
Yash Shah, Founder and CEO of SitePace, passionately shared,
“Construction in India still leans on fragmented communication. We are here to change that. Our platform allows every stakeholder to virtually walk through their sites and monitor progress in real time—ushering in a culture of accountability and clarity.”
He added, “The backing from SucSEED Indovation Fund and reputed angel investors will empower us to strengthen our AI capabilities, enhance our outreach, and continue solving deep-rooted inefficiencies in the construction ecosystem.”
Backing Bold Innovation
Commenting on the investment, Vikrant Varshney, Co-Founder and Managing Partner of SucSEED Indovation Fund, said,
“SitePace is a game-changer in the making. Their high-fidelity 360° panoramic documentation, autonomous navigation, and dynamic 3D modeling redefine virtual PropTech monitoring. With an ever-growing global demand for offsite construction management and an estimated market size exceeding USD 10 billion, SitePace is perfectly poised to lead this digital transformation.”
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