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Mach9 raises $34M after pivoting to AI CAD software

Mach9 raises $34M in Series A funding co-led by First Round Capital and Bessemer Venture Partners after pivoting to AI CAD software

Updated 2 min read

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Key points

  • Mach9 raised $34 million in a Series A round co-led by First Round Capital and Bessemer Venture Partners.
  • The company pivoted from surveying hardware to AI-powered computer-aided design software to address civil engineering workflow pain.
  • Mach9 has nearly 100 private beta customers who have used the software on more than 2,500 projects.

Why it matters. The funding supports Mach9's effort to modernize the slow and outdated processes used by civil engineers for design and asset management.

Updated Sources: TechCrunch

Mach9 Robotics, co-founded by Alex Baikovitz in 2021, initially built surveying hardware for civil engineers before pivoting to AI-powered CAD software and dropping "Robotics" from its name. Baikovitz told TechCrunch the real pain was in engineering workflows, not hardware. The startup announced a $34 million Series A round co-led by First Round Capital and Bessemer Venture Partners, with Prudence and Quiet Capital also participating.

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Mach9 raises $34M after pivoting to AI CAD software

The startup initially set out to build better, faster, and cheaper surveying hardware in 2021. When Alex Baikovitz co-founded Mach9 Robotics in 2021, his goal was to build a better, faster, and cheaper way for civil engineers to do visual inspections. The company aimed to cut through red tape and modernize the slow, outdated processes that bog down construction in the United States. Within a few years, Mach9 Robotics had built that hardware, but the effort led Baikovitz to a realization: hardware wasn’t the bottleneck. “We saw how tedious it was for civil engineering organizations to take data from these amazing laser scanners and image data capture systems and turn that into a usable survey,” he told TechCrunch in an interview, referring to a detailed map of a site that engineers use for design work. “The real pain was in their workflows,” he said, and “how to turn all the endless amounts of data that they’re able to collect into . . .information that people can use to make the best design and asset management decisions across the board.” So Baikovitz dropped “Robotics” from the company’s name and pivoted to developing AI-powered computer-aided design (CAD) software instead. The bet paid off, as Mach9 has racked up nearly 100 customers for the private beta of its software, and they’ve used it on more than 2,500 projects to date. That momentum helped Mach9 unlock new funding. O.

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