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BeamUp
April 3, 2022

AI-powered building design platform BeamUP emerges from stealth with $15M

Building design teams face a range of challenges during the design phase, from building higher while avoiding higher costs to reducing the time to occupancy. If teams don’t do their due diligence, they risk omitting from design documents important mechanical equipment, like exhaust fans and valves, for example, or failing to size electrical circuits appropriately for loads. Designing for sustainability adds even more complexity to the process, chiefly because it requires integrating “green” principles and complying with environmental laws and regulations.

Stephane Levy, a construction industry veteran, is of the persuasion that technology can solve many of these issues. He’s the founder of BeamUP, a startup emerging from stealth that uses data to cut down design times and manage a facility’s systems over their lifecycle. BeamUP today announced that it raised $15 million in a seed funding round led by StageOne Ventures and Ibex Investments along with participation from angels including Workday CEO Chano Fernandez.

“Construction and property management are among the last major industries to digitize. Even though there is widespread recognition that legacy processes are untenable, some people in the industry have an apprehension that new methods can carry even greater risk … [There are] many regional players and a multitude of stakeholders with different incentives,” Levy, a graduate of Tel Aviv University with a bachelor’s degree from the University of Pennsylvania, told TechCrunch via email. “BeamUP [is the] first platform that is using AI to execute on facility design and management at scale to [meet] the unique requirements of Fortune 500 organizations.”

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