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AI company Aiforsite raises €3.8 million in funding

Espoo based AI company Aiforsite has raised €3.8 million in funding to support their growth in international markets.

Aiforsite aims to significantly reduce waste and increase productivity in construction projects through the implementation of artificial intelligence and automation of data collection. Aiforsite operates its remote monitoring system in construction sites in the UK, Denmark, India, Norway, Poland, Turkey and the USA.

Participants in this round of funding include Kiilto Ventures and Futuragallery Oy, AINS Ventures Oy, Rauno Mattila, Tulipyörä Oy and Troll Ventures Oy.