business
Mach9 raises $34 million after pivoting to AI CAD software
Mach9 raises $34 million Series A co-led by First Round Capital and Bessemer Venture Partners after pivoting to AI CAD software.
Key points
- Mach9 Robotics was co-founded by Alex Baikovitz in 2021 to build surveying hardware for civil engineers.
- The company dropped "Robotics" from its name and pivoted to AI-powered CAD software.
- Mach9 has nearly 100 customers for its private beta, used on more than 2,500 projects.
Why it matters. The funding shows investors backing AI software that turns survey data into usable designs, a sign that construction workflow tools may attract more venture capital.
Mach9 Robotics, co-founded by Alex Baikovitz in 2021, initially built surveying hardware for civil engineers but pivoted to AI-powered CAD software after finding that workflows, not hardware, were the bottleneck. The company dropped "Robotics" from its name and has attracted nearly 100 customers for its private beta, used on more than 2,500 projects.
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Mach9 raises $34 million after pivoting to AI CAD software
Mach9 has raised $34 million in new funding after pivoting from hardware to AI-powered CAD software. The company was founded in 2021 by Alex Baikovitz as Mach9 Robotics with the goal of building better, faster, and cheaper surveying hardware for civil engineers. After developing that hardware, Baikovitz realized the larger opportunity lay in software that could modernize slow construction processes. The startup now aims to cut through red tape and improve efficiency in U.S. construction projects. The funding will support the company's continued development of its AI design tools.