Trunk Tools provides incentive management software specifically designed for the construction industry. Its main products, TrunkText and TrunkPerform, utilize artificial intelligence to help construction professionals manage their projects more effectively. TrunkText allows users to quickly locate important project documents, which saves time and boosts efficiency. TrunkPerform focuses on improving project performance by accelerating the completion of construction tasks. Unlike traditional banks, Trunk Tools tailors its financial solutions to meet the unique demands of contractors and construction firms. The company operates on a subscription-based model, where clients pay a recurring fee for access to its software, ensuring a steady revenue stream while delivering ongoing value. The goal of Trunk Tools is to enhance productivity and streamline operations for construction professionals, making it easier for them to complete projects on time.

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Enterprise Software

AI & Machine Learning

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Trunk Tools

New York City-based artificial intelligence platform Trunk Tools pulled $20 million in a Series A funding round led by Redpoint Ventures with participation from Innovation Endeavors, who led the firm's seed round, according to an Aug. 20 news release.

5 contech firms pull $126M in funding

Trunk Tools, a New York-based AI-driven platform for the construction industry, raised $20 million in a Series A round led by Redpoint Ventures, with participation from Innovation Endeavors and Pruven Capital. The funding will help accelerate growth, develop new products, and solidify their leadership in generative AI for construction. CEO Dr. Sarah Buchner and Redpoint's Erica Brescia highlighted the potential of AI to revolutionize construction management.

Trunk Tools Raises $20M for AI Platform

Trunk Tools, a NYC-based provider of an AI Platform for the construction industry, raised $20M in Series A funding.

Trunk Tools Raises $20M in Series A Funding

Trunk Tools raises $20M Series A led by Redpoint Ventures to expand suite of AI agents for construction.

Trunk Tools Raises $20M Series A Led By Redpoint Ventures to Expand Suite of AI Agents for Construction

BOSTON--(BUSINESS WIRE)--Suffolk Technologies, the venture capital affiliate of Suffolk that funds the next generation of companies solving built environment challenges, has launched the application process for its fifth annual BOOST program. This intensive eight-week program is designed to ignite growth and equip pioneering built world startups with the right tools to transform the industry. As inflation, supply chain challenges, a national labor shortage, sustainability regulations, and economic uncertainty continue to present significant challenges to the AECO (architecture, engineering, construction, and operations) industry, emerging startups are poised to make a large impact by developing solutions that address these problems. Throughout the intense eight-week program, the startups selected will be launched into the built environment with direct access to jobsites and testbeds around the world, unparalleled operational knowledge, and an influential network of industry leaders and academics. This year, Suffolk Technologies has expanded its network of Operating Partners, a group of other general contractors, building owners and operators, real estate services companies, material providers and trade partners who will engage with this year’s cohort throughout the program. “In the fifth year of BOOST, we are excited to harness the powerful ecosystem that has emerged around this program over the past few years,” said Parker Mundt, Vice President of Platform for Suffolk Technologies

Suffolk Technologies Launches Applications For Fifth Annual Boost Program With New Global Operating Partners

Digital technologies are being built to help solve one of the key challenges facing the construction industry: delayed payments. The construction industry’s days sales outstanding (DSO) stands at 94 days, according to “Under Construction: Improving Payments in the Construction Industry,” a PYMNTS and Ingo Money collaboration. Those payment delays impact general contractors, subcontractors, vendors, workers and customers alike, according to the report

Construction Firms Wait 94 Days On Average To Get Paid

Trunk Tools, the tech company that aims to incentivize work crews to meet targets by automating and formalizing the process of extra pay for doing tasks by preset times, has introduced an AI-based system dubbed TrunkText that can help PMs and superintendents find key project information in a few minutes instead of a few hours, all by sending texts on a smartphone right from the jobsite.

Text Tool Lets Superintendents Ask an AI to Call Up Project Info

Trunk Tools, a construction-focused fintech startup that addresses the skilled labor shortage by helping workers get paid faster, announced its launch

Construction Fintech Startup Trunk Tools Announces Launch with $9.9M in Seed Funding

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AI-driven incentive management software for construction

Trunk Tools

AI-driven incentive management software for construction

Trunk Tools

AI-driven incentive management software for construction

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