Field Materials provides an AI platform for material and equipment procurement in construction. The platform aims to control and verify material spending.

Field Materials

Field Materials is the leading AI procurement platform for contractors to control and verify spending. Our web and mobile apps streamline material purchasing and equipment rentals by eliminating manual data entry for quotes, invoices, packing slips, and receipts and save 5-10% in material costs by automatically identifying billing errors. Founded by serial entrepreneurs with successful exits, the company is backed by Blumberg Capital, Zacua Ventures, and senior executives from companies like Lowe’s and Google.

Blumberg Capital

Navitas Capital

Zacua Ventures

Zelda Ventures

DivcoWest

s16vc

Flyer One Ventures

We are at the Associated General Contractors of America Technology conference in Chicago. Drop by to check out the latest exciting #AI advancements in #construction from Field Materials.

We are delighted to welcome Jan Březina to our engineering team! Jan is an accomplished QA Engineer and since joining us a few weeks ago he has been rapidly expanding the footprint of automated tests at Field Materials. 🚀

We are back from a very exciting annual Product & Engineering offsite in Porto, Portugal! These annual offsites have become a tradition where we spend quality time together, strategize, and plan our product roadmap for the year. It was awesome to be in Porto watching #euro2024 with the locals and witnessing Cristiano Ronaldo in what is likely his last major international tournament. Portugal certainly had some nail-biting matches that kept the entire country on the edge of their seats! #startups

There is nothing like being on site with customers! This was a few weeks at McAlvain Companies, Inc training the team of superintendents on Field Materials. McAlvain business is booming and we're privileged to be their technology partners!

This is the story about our latest investment — Field Materials 💫 

The startup builds an AI platform that helps U.S. construction companies automate material procurement, equipment rentals, and other routine tasks such as accounting and invoicing. 

Its founders are successful second-time entrepreneurs and Stanford alumni with an exit to PayPal 🔥

Read in our new blog article why we added this company to our portfolio 👇

P.S. If you like this content, support it with a thumbs-up 👍 It helps us figure out which topics are the most valuable for startup founders.

#whyweinvested #newinvestment #startups #vc #F1V

Field Materials and Procore Technologies are official partners! Our seamless integration automatically imports projects, vendors, and cost codes from Procore and exports POs and invoices with no manual work. Our Procore customer base is rapidly growing and we look forward to the Groundbreak conference this November in Denver. Find out more:
https://lnkd.in/gXx3wy2p

We’ve recently added a new startup to our portfolio — meet Field Materials and read its story 🔥

The company has raised $8.15M in seed funding from our firm and other investors, including DivcoWest Ventures, Navitas Capital, Zelda Ventures, Blumberg Capital, s16vc: Portfolio News & Jobs, and Zacua Ventures.

Eldar Sadikov and Victor Gane, we are happy to support your company! 💛

Field Materials builds an AI platform that optimizes the procurement of building materials, accounting, and invoicing.

Since construction is one of the largest and least-digitized industries, this software is like a magic wand for thousands of construction companies in the U.S. ⚡

Read in the carousel about the story, product, and results of Field Materials 🔽

#newinvestment #F1V #constructiontech #startups #vc

We gave a talk at the TUG National Conference 2024 yesterday on #generativeai and its impact on material procurement. Sage is a great partner  and we enjoyed meeting so many Sage customers in one place. Stop by our booth -- we're here for one more day! Thank you TUG, The Users Group for Sage Construction and Real Estate Solutions for organizing a great show!

We're proud to announce that our total seed funding grew to $8.15M! https://lnkd.in/dMnJrsYs

We're excited to welcome Dylan Servantes to our customer success team! Our rapidly growing customer base will be in great hands with Dylan given his extensive CSM experience, professionalism, and attention to detail.

DNSSEC

nginx

IPv6

Cloudflare Hosting

jsDelivr

Cloudflare JS

CDN JS

U.S. Server Location

Google Cloud CDN

Amazon SSL

Eldar Sadikov

Co-Founder & CEO

Victor Gane

COO, Co-founder

Software Companies With Less Than $1B in Revenue (Top 10K)

California Software Companies (Top 10K)

Private San Francisco Bay Area Companies (Top 10K)

San Francisco Bay Area Startups (Top 10K)

Field Materials is the world’s first material purchasing software powered by AI. General contractors and specialty subcontractors use Field Materials’ web and mobile apps to streamline their material procurement from requesting quotes during pre-construction to managing orders and deliveries to the construction site. Founded by serial entrepreneurs with successful exits, the company is backed by Blumberg Capital, Zacua Ventures, and senior executives from companies like Lowe’s and Google. For more information, please visit www.fieldmaterials.com.

Seed Round - Field Materials, Inc.

Computer and Software Products and Electrical and Scientific Products

San Jose

California

United States

North America

Field Materials, Inc.

Field Materials Total Seed Funding Grows to $8.15M to Bring AI to Construction Procurement

Field Materials Raises $4.65M Seed Funding to Disrupt the Construction Material Purchasing Market

Field Materials Raises $4.65 Million to Streamline Construction Material Procurement

A digital platform that automates material procurement for construction, including organizing quotes, orders, and invoices.

Automates the process of requesting and analyzing quotes from suppliers, saving costs by simplifying quote comparison.

Enables users to request and manage material orders through a mobile or desktop app, reducing PO processing time.

Automates invoice processing by scanning, verifying accuracy, and integrating with ERP systems to save costs and time.

Synchronizes project data, vendor details, and cost codes in real-time with accounting software, eliminating manual data entry.

A mobile application that supports material request, tracking, and receipt in the field, including capturing proof of delivery.

news impact assignment basic	general
public peers	general	Sep 2, 2024 3:06 AM	9ed45c7e
news daily refresh	general
news processing daily refresh	general
news impact assignment daily	general
news processing basic	general	Sep 3, 2024 2:24 AM	a11fad4c
company summary	general
signals	general
crunchbase trigger	general	Nov 22, 2024 7:44 AM	2f7f9165
crunchbase profile	general	Nov 22, 2024 3:10 PM	6a6b3e42
li profile	general	Sep 2, 2024 3:06 AM	de431d59
translate crunchbase fundingrounds	general	Nov 22, 2024 8:38 PM	e9ea06dc
peers	general	Sep 2, 2024 3:06 AM	3afc3ecd
news basic	general	Sep 2, 2024 3:06 AM	5428aa83
bundesanzeiger	filings
merger acquisitions	company_analysis
financials download nd	financials
private financials	financials

COM:FIELDMATERIALS

Field Materials