– The UAE-based construction tech firm has achieved a $750,000 first close in its $3 million Seed funding round, supported by international investors.
– Navatech’s technology focuses on Health & Safety and Worker Welfare, using AI to overcome communication barriers and ensure timely information delivery across multiple regions.
– The investment validates Navatech’s vision and will enable the company to advance its technology, expand its impact, and accelerate innovation in the construction industry.
Navatech, a UAE-based construction technology firm, has announced a successful first close of $750,000 in its $3 million Seed funding round. The company has garnered support from a group of international investors.
Navatech, which focuses on Health & Safety and Worker Welfare across various regions, leverages an AI-driven solution with multilingual and multimodal capabilities. This technology aims to overcome communication barriers and deliver critical information effectively.
“We’re incredibly excited to have reached this important milestone in our funding journey,” saidPrakash Senghani, CEO and Co-founder of Navatech.
“This not only validates our vision, but also enables us to advance our technology and expand our impact in the construction industry. We’re grateful for the support from our investors and look forward to furthering our mission to bring efficiency, safety, and innovation to construction projects worldwide.”
“The successful first close marks a significant milestone for Navatech,” said Mukund Hirani, CTO and Co-founder of Navatech.
“The AI space is moving rapidly, and this investment allows us to accelerate our engineering practice and further deepen our AI and ML capabilities, enabling us to deliver cutting-edge innovation to our partners and customers.”
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