TraceAir

The company's core business revolves around a SaaS model, providing a visual and collaborative construction management platform. It serves a client base that includes top homebuilders and land developers across more than 40 states in the U.S. and Canada, such as Lennar, D.R. Horton, and Howard Hughes. The business model generates revenue through subscriptions to its platform. TraceAir's process begins with weekly site scans using commercial-grade drones. This data is then processed overnight to create geo-referenced 3D models of the job site, which are accessible to the entire construction team via an online platform from any device. This service empowers developers, grading contractors, and engineers with data-driven insights to lower costs, improve efficiency, and reduce project risks and delays.

The platform's product suite addresses the entire project lifecycle, from land acquisition and planning through construction. Key features include tools for tracking quantities, managing earthwork, monitoring progress, and ensuring quality control. TraceAir uses AI and machine learning to offer predictive analytics, automate stockpile detection, and provide stormwater drainage reports to identify risks proactively. The software enables users to calculate cut/fill balances, manage materials, and enhance team collaboration through advanced drawing and markup tools. A significant milestone for the company was securing $25 million in Series B funding in May 2024, led by PeakSpan Capital, bringing its total funding to over $36 million. This investment is aimed at developing new products with predictive analytics capabilities to further automate and enhance workflows in the land development and homebuilding sectors.