Freeda raises €3.4M to transform construction plan reviews with AI
Freeda, a Paris-based startup, has secured €3.4 million in funding to revolutionize construction plan reviews using artificial intelligence. This innovative approach promises to drastically reduce project delays and associated costs, addressing a significant pain point in the construction and real estate sectors. The funding round was led by Frst, with participation from Brick & Mortar Ventures, and the company is also joining Station F's Future 40 program. Freeda's platform uses AI combined with field expertise to identify hidden errors in construction plans, completing the process in hours or days instead of weeks. The platform can analyze 1 million plans by 2026, offering crucial checks in areas such as plan inconsistencies and regulatory compliance. The platform aims to identify errors within 48 hours, a significant improvement over the 100+ hours typically required for manual checks. The impact of Freeda's solution is substantial, potentially saving project owners over €100,000 per month by avoiding delays. The technology's efficiency frees up teams to focus on design and other creative tasks, thereby improving cost control. Freeda plans to use the investment to expand its team, industrialize plan reviews, and adapt the platform for international use.
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