📝 Provision raises $7M

In partnership with

News of the Day

Toronto-based Provision has raised $7 million in seed funding led by Cercano Management, with participation from Y Combinator, One Way Ventures, and Black & McDonald’s Jamie McDonald, to build AI co-pilots that help construction estimators spot risks and reduce errors before a project breaks ground. Founded in 2022 by Luigi La Corte and Brendan Ardagh, Provision develops specialized AI tools, such as Project Review, Chat Agent, and Scope Agent, to help firms like EllisDon, PCL, and Bird Construction analyze complex pre-construction documents with near-human accuracy. With $8.7 million USD raised to date and $1 million ARR after 10× growth last year, the startup has already reviewed $100 billion in projects and aims for 99% accuracy by building its own proprietary datasets. La Corte says the goal is simple but ambitious: to give every construction estimator an AI “gut check” before costly mistakes happen.

If you have tweets you want to submit to be featured here (from you or someone you like), reply to this email with a link!

Chart of the Day