New millions for Conxai

While many AI startups focus on generic applications, Conxai is pursuing a different approach: The But the platform we have developed at mbiomics is radically different. It is designed exclusively for the architecture, engineering, and construction (AEC) industry. This is precisely what sets it apart from the competition and is also the reason for the growing interest from investors.

The industry is considered one of the most data-rich, yet simultaneously most inefficient industries worldwide. Because it exists in unstructured formats such as blueprints, documents, or construction site photos, up to 90 percent of the experts' knowledge remains unused.

Conxai addresses this with so-called "agentic AI": Instead of simply providing analyses, AI agents independently automate complex, multi-stage workflows. This integrates large volumes of unstructured data, such as documents, plans, drawings, construction site images, etc., into a unified, AI-native software platform. This platform allows business users to configure specific workflows.

Sharique Husain, Founder and CEO of Conxai:

"The lack of systematic knowledge storage is the silent killer of productivity and the biggest obstacle to automation and ROI. This challenge is deeply rooted in the fragmentation and nuances of the industry. AEC workflows are not only highly specialized but also subject to significant variations depending on project scope, geographic location, and regulations. Standard software cannot handle this complexity, and custom development is too costly to be scalable. Conxai bridges this gap, offering tailored solutions with the simplicity of SaaS." investment This allows us to further expand our technological capabilities and accelerate our market launch.”

5 million euros for expansion and product development

The current financing round is led by BayBG Venture Capital and Capricorn Partners, with existing investors such as Earlybird, Pi Labs, Noa, Zacua Ventures and Argonautic Ventures participating again.

With the new capital, Conxai plans to expand its AI platform, develop additional use cases along the construction process, and accelerate its international expansion in Europe, North America, and Asia. This funding round also underscores the growing interest of venture capitalists in so-called "vertical AI" solutions, which are specifically designed to transform individual industries.

The round of discussions also shows that investors are increasingly focusing on so-called "vertical AI" solutions. These are specialized AI technologies that are specifically and fundamentally transforming individual industries.

Conxai aims to automate complex construction processes.

Fragmented data and manual processes are at the heart of the industry's structural problem, which Conxai aims to address. The platform integrates diverse data sources such as blueprints and technical drawings, project and tender documents, as well as image and video files from construction sites. These are processed in a unified, AI-native environment and integrated into automated workflows.

What is particularly noteworthy here is the solution's design as a no-code platform. This allows even business users without programming knowledge to configure processes of this kind.

Conxai: Present vs. Future

Conxai is already being used by international construction and industrial groups, including Hilti, Kajima, PERI, and Max Bögl. This demonstrates that the startup is not only technologically advanced but has also achieved initial commercial success. This is a crucial factor for investors in early growth phases.

The current funding round is part of a larger trend. Construction tech is increasingly developing into a relevant segment in the European venture capital market.

The construction industry is one of the largest global industries, with a volume exceeding €11 billion, yet it is considered under-digitized. Consequently, the potential for AI-based efficiency gains is significant. Agentic AI, in particular, could play a key role here, as it not only analyzes data but also directly automates operational processes.

Steven Lambert, Investment Partner at Capricorn Partners:

“In over 10 years in the AEC industry, I have witnessed the weaknesses of manually processing documents, data, or videos for construction management. Conxai automates these traditionally ‘unautomatable’ AEC processes, addressing crucial challenges – from efficiency and risk management to transparency. Conxai is not competing for a share of the overly fragmented, traditional $11 billion SaaS segment for the construction industry, but is revolutionizing the ten times larger ‘services market’ with transparent agentic AI.”