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Doxel Raises $40M from Insight, a16z to become the ‘Waze for Construction’

August 11, 2021| 1 min. read

Doxel, which has developed software that uses computer vision to help track and monitor progress on construction job sites, announced today that it has raised $40 million in Series B funding.

Insight Partners led the round, which included participation from existing backers Andreessen Horowitz (a16z) and Amplo and brings the startup’s total raised to $56.5 million since its December 2015 inception. A16z has participated in each of Doxel’s rounds — from seed to Series B. In addition to its institutional investors, Robinhood CEO Vladimir Tenev also put money in Doxel’s Series A round as an angel.