Construction tech startup MeltPlan raises $10 million in round led by Bessemer Venture Partners


Construction tech startup MeltPlan has raised $10 million in funding in a round led by Bessemer Venture Partners, with participation from Europe-based venture capital firm Noa.

The startup plans to utilise the funding to enhance its tech offering, strengthen its vertical AI stack, and expand its team.

Simply put, MeltPlan has an artificial intelligence (AI) system that optimises decision-making before construction begins.

“Construction problems don’t fail at execution; they fail at planning. Unlike software, you can’t fix a “bug” after a building is constructed. Late-stage changes in this sector are extremely costly,” said Kanav Hasija, cofounder and chief executive of MeltPlan, in a conversation with ET.

“We are building an AI-native planning engine to help stakeholders surface risks upfront and make better decisions before construction begins,” he added.

Prior to MeltPlan, Hasija founded Innovaccer, a healthtech startup that offered AI infrastructure to automate tasks in the healthcare segment.