📰 In this edition of THE FIRMUS REVIEW, we provide a year-end recap, celebrate our friends and partners, highlight some of our accomplishments, introduce you to our newest software feature, and more! #firmus #contech #firmusaireview #constructiontechnology #preconstruction
Firmus
Software Development
Miami, Florida 1,839 followers
Mitigate risks early. Bid with certainty.
About us
Firmus establishes clarity, tackling the unknowns in every construction project. Applying proprietary AI algorithms, Firmus analyzes PDF drawing sets, identifies design-related risks, and enhances pre-construction decision-making. With Firmus, pre-construction teams mitigate risks early, bid more accurately, and protect their company's reputation. Firmus’ innovative approach to the increasing demand for plan review solutions, allows customers to save significant time and create efficiency, resulting in more projects bid and won, and better relationships between all stakeholders.
- Website
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https://www.firmus.ai
External link for Firmus
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- Miami, Florida
- Type
- Privately Held
- Founded
- 2019
- Specialties
- AI, Pre-construction, SaaS, Design Review, Risk Mitigation, Bid Accuracy, and Risk Management
Locations
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Primary
Get directions
79 SW 12th St
Miami, Florida 33130, US
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Get directions
Tel Aviv, IL
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Get directions
Denver, Colorado, US
Employees at Firmus
Updates
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Romey Oulton thanks for highlighting Firmus in the Top Rising Stars category; we're honored!
ConTech | Strategic VC and Start-Up Partnerships | Property Week 2023 DEI Champion Finalist | #CrazyForConTech Host | C-Tech Partner
📣 🚨 Move aside Spotify... it's LMRE's "2024 ~ ConTech Wrapped" 😍 🎄 It's been an absolute BELTER of a year for ConTech, with no signs of slowing down as we head into the new year... Below is an overview of 2024's activities & a few thoroughly well-deserved industry shout-outs #keepcrushingit 👷♀️ 🚀 *rankings below are in no apparent order* 🏆 2024 WRAPPED ➡️ Global ConTech market: $12B in 2024, projected to reach $20B with 14% CAGR (Bricks & Bytes) ➡️ $34B in cumulative ConTech VC funding (Bricks & Bytes) ➡️ 1,017 ConTech companies with Series A or higher (Traxn) ➡️ $1.82B in equity funding across 206 rounds (Traxn) ➡️ 47 successful M&As (Traxn) ➡️ Early-Stage Resilience: Seed Rounds at All-Time High (Foundamental) ➡️ Concentration Highest in North America (Foundamental) 🏆 TOP 10* - FUNDING (*been a busy year...) 1️⃣ Trunk Tools - $20m Series A 2️⃣ Exodigo - $105m Series A 3️⃣ Constrafor - $264m investment 4️⃣ Ediphi - $12m Series A 5️⃣ Planera, Inc - $13.5m Series A 6️⃣ Outbuild - $11m Series A 7️⃣ Tough Leaf - $4.5m Series A 8️⃣ HammerTech - $70m growth investment 9️⃣ BiltOn - $15m Series B 🔟 Document Crunch - $21.5m Series B 🏆 TOP 6* - RISING STARS ( 🌱 stage or earlier) 1️⃣ Trayd: Construction Payroll 2️⃣ BuildPass 3️⃣ Parspec ( 🥁 ....) 4️⃣ Concrete4Change 5️⃣ Visibuild 6️⃣ Firmus 🏆 TOP 6* - INDUSTRY FOCUSED VCs 1️⃣ Foundamental 2️⃣ Suffolk Technologies 3️⃣ Blackhorn Ventures 4️⃣ Cemex Ventures 5️⃣ Zacua Ventures 6️⃣ Brick & Mortar Ventures 🏆 TOP 6* - VOICES OF CONTECH 1️⃣ Sasha Reed 2️⃣ Jeff Sample 3️⃣ Bricks & Bytes 4️⃣ Last Week in ConTech 5️⃣ Fred Mills 6️⃣ Tannis Liviniuk 🏆 TOP 5 - EMERGING CONFERENCES/ORGANIZATIONS 1️⃣ Women in Construction Tech 2️⃣ Slush 3️⃣ Trimble Inc. Dimensions 4️⃣ Contech Alliance 5️⃣ Blueprint: The Future of Real Estate 🏆 TOP 5 - NEW PRODUCT LAUNCHES 1️⃣ ALICE Technologies - “ALICE Core” 2️⃣ Automated Architecture (AUAR) - “pop-up Micro-Factories” 3️⃣ Kojo - “Kojo Prefab” 4️⃣ Canvas - “1200CX” 5️⃣ Buildots - “Delay Forecast & Integrated Tracking” DROP A COMMENT TO SHOUT OUT OTHERS WHO DESERVE SOME EXTRA LOVE FOR ALL THEIR HARD WORK FOR THE AECO INDUSTRY – I know the list is endless! 💌 👇 #contech #constructiontechnology
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Construction disputes are becoming increasingly costly and time-consuming. Even smaller disputes can wipe out a project’s entire profit margin. A $1 million dispute on a $20 million project with 4% profit ($800K) can push a contractor $200K into the red. The good news? AI is emerging as a powerful tool to prevent these disputes before they escalate. Here are three key ways AI is helping construction teams identify and mitigate risks early in the project lifecycle: https://lnkd.in/g3xnPc4v
3 Ways AI Helps Prevent Construction Disputes Before They Start
https://firmus.ai
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📰 In this edition of THE FIRMUS REVIEW, we give thanks to our customer, partners and friends; provide access to the Bricks and Bytes podcast and industry analysis report featuring Firmus, introduce you to our new Customer Success Lead, and more! #firmus #contech #firmusaireview #constructiontechnology #preconstruction
Happy Thanksgiving
Firmus on LinkedIn
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Firmus reposted this
Firmus is a great example of an AI innovation built and tuned for our industry. Excited to see how impactful solutions such as Firmus advance over the coming months and years! Firmus Flintco, LLC #innovation
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"Risk forms long before breaking ground." That's why we are passionate about our vision of reducing risk through early design review! #firmusai #preconstruction #constructionquality #ai #constructiontech
#IRMI2024 Our first time at a construction risk management conference, with an impressive presence of professional liability insurers. Just like car insurance policies designed to incentivize good drivers - in construction, insurers must encourage projects that invest in a thorough preliminary investigation, proactive preconstruction processes and effective use of technology. According to the 2023 CRUX report, about #half of construction disputes trace back to one of three #design-related issues: incorrect design, incomplete design, or late design. Designs are more than sketches—they’re legally binding documents detailing the intent, scope, and specifics of a project. They should be considered key data sources in evaluating project success. It was fantastic connecting with friends who have always supported the vision of reducing risk through early design reviews. A special shoutout to Rich Hartman, CRIS from NFP, an Aon company and David Bowcott from PLATFORM. It’s inspiring to see innovation from insurers like American Global, with their C-RISQ platform, led by Chris Greene, empowering general contractors with risk mitigation tools. Risk forms long before breaking grounds! Firmus Mike Hammond #AIdesignReviews #RiskMitigation #constructability #bidability #AI
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In today's episode of the Bricks & Bytes Podcast, the team interviews Shir A., Founder and CEO of Firmus, and we learn how AI is transforming the pre-construction phase, the challenges of training AI to read construction drawings, and the massive impact of design errors on project costs. Tune in to find out about: ✅ How Firmus uses AI to detect design issues before construction begins ✅ The staggering cost of rework in construction projects ✅ Why pre-construction is becoming increasingly important in the industry ✅ The delicate balance between AI vision and providing immediate value Listen now on Spotify to hear Shir's insights on the future of construction tech and valuable lessons for aspiring founders in the AI space: https://lnkd.in/g34vHGMm #firmus #preconstruction #ai #constructionquality #constructiontechnology
Battling Rework: How Firmus is Saving Millions in Construction Errors
https://spotify.com
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Join Shir A., Philippe Rival, Chloe Smith, and Sofie Richardson for BuiltWorlds' final AI/ML Analyst Call of 2024 as they dive into best practices when incorporating AI/ML into your business. We'll explore the latest innovations and methodologies that are shaping AI/ML applications in the AEC industry. Our discussion will cover key areas such as data quality, integration, and governance, offering practical advice for professionals looking to leverage AI/ML for better decision-making and project outcomes. Register today: https://lnkd.in/gy69FMjk #ai #aec #constructionquality #preconstruction #firmus #firmusai
10.30.24 Analyst Call – AI/ML III: Best Practices
https://builtworlds.com
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Disputes are caused by numerous reasons however, three design-centric factors – incorrect, late or incomplete design information – are clustered within the global ranking’s top five causes. This “design triple whammy” is having a major global impact on the industry. The good news is that advancements in technology, specifically in AI, are having an equally remarkable impact on mitigating this dilemma and others. Learn more: https://lnkd.in/gHdgz3ig #firmusaireview #preconstruction #constructionquality #ai #firmusai #firmus
Avoiding Construction Disputes: 3 Ways AI Enables Owners, Builders, and Designers to Mitigate the Top Risks Early
https://firmus.ai
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Enhancing Construction Quality with Firmus AI — In this episode of Flintco Talks, host Daniel Oates sat down with Shir A., CEO and co-founder of Firmus AI, and Michael Thole, Flintco, LLC’s Director of Quality, to discuss how cutting-edge AI is transforming the construction industry. Firmus specializes in analyzing construction documents, identifying design issues early, and improving the quality of projects using advanced data analytics. Hear from Shir as she shares her journey from a competitive ballerina in Israel to leading a tech company that’s changing the construction landscape. Michael dives into how Flintco utilizes #Firmusaireview to streamline quality processes and ensure projects stay on track while discussing the future of AI in the industry. Listen to the podcast here: https://lnkd.in/e7E7GUdX #FlintcoTalks #FirmusAI #ConstructionQuality #PreConstruction
Flintco Talks: Prevent Costly Mistakes with Firmus AI
https://firmus.ai