News Summary
Trunk Tools, an AI-driven construction management company based in New York, has raised $40 million in Series B funding, boosting its total to $70 million. The investment, led by Insight Partners, will enhance its product and engineering capabilities, while expanding its range of AI solutions for complex construction projects. Active in the U.S. and Canada, Trunk Tools currently serves notable clients and aims to redefine construction project management by improving data accessibility and operational efficiency.
Trunk Tools Raises $40 Million to Transform Construction Management with AI
Trunk Tools, a construction project management platform based in New York, has successfully secured $40 million in Series B funding. This new investment aims to enhance the company’s AI-powered platform and improve its offerings to clients in the construction sector.
The funding round was led by Insight Partners, a prominent global investment firm. Several other investors also participated, including Redpoint Ventures, Innovation Endeavors, Stepstone, Liberty Mutual Strategic Ventures, and Prudence. With this latest round, Trunk Tools’ total funding has reached $70 million, which includes a $20 million Series A funding round raised in 2024.
The announcement of this funding was made on July 24, 2025, marking a significant milestone for the company, which has quickly established itself as a leader in construction technology. Founded by CEO Dr. Sarah Buchner, who brings a wealth of experience in civil engineering and data science, Trunk Tools aims to leverage the recent influx of capital to expand its engineering, product, and go-to-market teams. The company also plans to enhance its field enablement program and scale its AI capabilities to tackle increasingly complex construction projects.
Innovative AI Solutions for Construction
Trunk Tools’ distinctive AI platform allows construction teams to interact with project-related data using natural language questions. This significant feature enables teams to receive instant, accurate, and actionable answers from various documents, drawings, specifications, schedules, and requests for information (RFIs). The platform utilizes advanced AI techniques, including large language models, to compile and deliver insights from the vast array of documents generated throughout a construction project’s lifecycle.
With operations running in both the US and Canada, Trunk Tools is currently deployed on hundreds of construction projects. The company offers its software primarily as a subscription service, while some newer AI agents are billed based on specific business outcomes. Key clients include industry leaders such as Suffolk Construction and Gilbane, who benefit from the innovative solutions provided by Trunk Tools.
Meeting the Unique Demands of the Construction Industry
Dr. Buchner has emphasized the need for specialized AI that specifically addresses the unique challenges faced by the construction industry, setting it apart from more general-purpose AI solutions. The funding from Insight Partners sets the stage for Trunk Tools to create a new category of AI specifically tailored for construction project management. This focus on specialized technologies not only leads to enhanced data access for teams but also significantly improves operational efficiency at the field level.
Insight Partners, managing over $90 billion in assets, recognizes the transformative potential of the construction technology sector. In 2024, the market was valued at $11.4 trillion and is projected to grow to $12.3 trillion by 2025. This rapid growth indicates ample opportunity for innovation within construction tech, and Trunk Tools is poised to capitalize on this shift.
Modernizing Construction Practices
Trunk Tools aims to eradicate outdated practices in the construction industry by addressing inefficiencies and simplifying complex workflows through its advanced technology. By enhancing project management capabilities, Trunk Tools positions itself at the forefront of the evolving construction landscape. This investment reflects broader industry trends while highlighting the significance of integrating artificial intelligence into everyday construction tasks, ensuring that teams can operate more effectively and deliver projects on time and within budget.
As Trunk Tools continues to expand its capabilities and services, the construction industry may witness a significant transformation, enhancing productivity and efficiency from the ground up.
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Additional Resources
- The SaaS News
- Wikipedia: Artificial Intelligence
- Business Insider
- Google Search: Construction Technology
- Engineering News-Record
Author: Construction NY News
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