Field Materials Raises $10.5M Series A to Streamline Construction Procurement with AI

Field Materials provides an AI-powered procurement platform for construction companies.

Field Materials Raises $10.5M Series A to Streamline Construction Procurement with AI
Source: Field Materials

Company Name: Field Materials
Location: Charlotte, NC
Industry: Procurement AI

Funding Details:

  • Amount: $10.5M (Series A)
  • Total Raised: ~$19M
  • Investors:
    • Lead: Navitas Capital
    • Participants: Blumberg Capital, DivcoWest Ventures, S16vc, Superseed Ventures

Purpose of Investment:

  • Double the team size
  • Triple revenue in 2025

Leadership:

  • CEO & Co-founder: Eldar Sadikov (previously founded Jetlore, acquired by PayPal)
  • Co-founder: Victor Gane

Product:
Field Materials provides an AI-powered procurement platform for construction companies. Its proprietary large language models automatically read vendor quotes, delivery slips, and invoices, and enter the data into major construction accounting systems, reducing manual work by 90% and helping firms secure volume pricing.

About Company:
Field Materials is already processing over $360M in annual purchases from 8,000+ vendors across 27 states and nine trades. The platform is used on more than 4,500 construction projects by major contractors like Swinerton, Teichert, and Big-D. With this new funding, the company plans to scale its operations and cement its position as the go-to AI solution for construction procurement.

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