Document Crunch, a leader in contract intelligence for the construction industry, has announced a significant milestone with a $9M Series A funding round. This investment, led by Navitas Capital and supported by key investors including Zacua Ventures, Fifth Wall, Argonautic Ventures, and Ironspring Ventures, will fuel the expansion of Document Crunch’s contract risk review solution. This tool has become essential for back offices across the construction sector, streamlining contract management processes and mitigating risks.

Josh Levy, co-founder and CEO of Document Crunch and an experienced construction attorney, emphasized the company’s commitment to empowering industry professionals at all levels, from back office to field operations. The funding will aid in growing the team and further developing advanced contract compliance tools, essential for project teams responsible for contract execution.

Document Crunch has shown remarkable growth, tripling its revenue annually over the past three years. Its platform’s adoption has expanded beyond general contractors and subcontractors to include various construction stakeholders, demonstrating its wide-reaching impact and growing necessity in the industry.

The company stands out with its sophisticated machine learning platform, combining proprietary models, generative AI using OpenAI and Anthropic technologies, and a specialized retrieval architecture. This combination enables it to provide precise contract analyses, tailored for the construction industry’s complex needs. The recently introduced Chat solution further enhances support for project teams, offering instant access to vital contract insights and information.

Travis Putnam, managing partner at Navitas Capital, highlighted the importance of managing risk in construction and praised Document Crunch’s vision and traction in developing industry-leading AI tools. These tools play a crucial role in helping contractors manage risks, comply with regulations, and boost their financial performance.

Document Crunch’s strategic alliances with major industry players and its integration with platforms like Procore signify its growing influence in contract management. The Series A funding marks the start of a new era for Document Crunch, weaving its solutions deeper into project management workflows and utilizing large language models (LLMs) for predictive data and risk mitigation. This advancement is set to transform how construction companies handle contract compliance, paving the way for more efficient, risk-aware, and profitable operations.

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