Cologne-based specter automation Secures over €5 Million in extended Seed Funding

The funding round includes investments from Shilling VC (Portugal), Almaz Capital (US), and PAWAO, along with continued support from its existing investors, TechVision Fund, LBBW Venture Capital, and xdeck Ventures.

Oliver Eischet, Co-founder and CEO of specter automation said, “We are thrilled to have the continued trust of our investors and welcome new partners who share our vision for the future of construction, This funding extension enables us to accelerate our mission to digitise construction sites worldwide, making planning and execution more efficient, transparent, and data-driven.”

Specter Automation reports that the construction sector, which makes up about 13% of global GDP, is going through a major digital shift. However, 96% of construction data goes unused, causing inefficiencies, delays, and cost overruns.

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To tackle this issue, Specter Automation is using data-driven methods to help improve planning, coordination, and documentation with real-time insights.

Ricardo Jacinto, Managing Partner at Shilling said, “The construction industry is at a real turning point – digitisation is no longer a nice-to-have, it’s essential for efficiency and growth, What we find particularly exciting about specter automation is how they’re tackling one of the industry’s biggest gaps: connecting pre-construction planning with on-site execution. Their innovative use of 3D models is transforming how construction sites operate, driving significant progress in the industry’s digital evolution, and that kind of innovation can be a real game-changer.”

Specter Automation uses 3D models to help coordinate construction sites. This allows project teams to make decisions based on data, reducing inefficiencies and improving transparency for everyone involved.

Dr Lars Gussen, Senior Investment Manager at TechVision Fund said, “Digitisation is rapidly reshaping the construction industry, and specter automation is at the forefront of this transformation. Their 3D site management technology is already proving invaluable to major construction players, and we are excited to continue supporting their journey towards global expansion,”.

The extra funding comes at an important time for Specter Automation, as the company expands beyond Europe and now has active projects in North America, the Middle East, Asia, and recently, New Zealand.

Aniruddha Nazre, Partner at Almaz Capital said, “specter is elevating lookahead planning for the world’s top construction companies by unifying pre-construction and execution data in a 3D model-based software to unlock $100 billion of value, With this funding, the company is well-positioned to accelerate its expansion and continue to bring innovations in AI using 3D-based site management to an even larger global audience.”

The new funding will help Specter grow its marketing team to strengthen its presence in key global markets. The company is also investing in a dedicated success team to support existing partners and improve the use of 3D site management technology.

About Specter Automation

Specter Automation is a B2B SaaS startup that helps construction sites use digital planning and data. It automatically tracks construction progress and learns from the data to improve processes.