Lupa Technology is on a mission to revolutionize data management in the construction industry. This Serbian-American platform, headquartered in New York and Belgrade, from where it serves Clients globally, has just closed a $1.8M investment round to fuel its expansion. South Central Ventures led the round with a $1.5M investment, while the World Bank/EU Commission participated with an additional $300K.
Construction projects around the World are infamous for being overloaded with data and burdened by a reputation for being late and over-budget. The critical cause is key decision-makers not having the data they need to make informed decisions. The Founders of Lupa had lived with these problems for years, working on major international construction projects around the World, and have set a goal to turn their knowledge into an impactful platform.
Lupa helps companies turn their data into a game-changing asset. Its key features include:
- Mining and unifying data from other platforms, allowing companies to adopt innovation without disruption of existing workflows.
- Processing millions of documents and TBs of data, including emails, OTT Channels, documents, drawings, and schedules, on fast and secure servers.
- Offering Construction-specific workflows and data analytics, allowing users to sift, sort and tag all their data on a single platform.
- Providing cutting-edge generative AI insights and reporting to turn big data into meaningful information.
Lupa’s Clients include global Real Estate Developers, General Contractors, Construction Law Firms, Expert / Engineering Companies, Insurance Companies and others. They use the platform either for (1) Real-Time Processing (project controls, risk management, estimating) or (2) Forensic Analysis (claims and disputes, arbitrations, data benchmarking, archiving). Primary markets include the USA, UK, EU, and GCC regions, with their sales focused on both direct sales and partnership-driven sales.
“Having bootstrapped our journey so far, we are thrilled to secure this significant investment led by South Central Ventures and joined by Katapult Accelerator (supported by the World Bank and EU Commission)” says Lupa Technology CEO, Vladimir Milovanovic. “Our platform is gaining significant traction in the market due to its maturity and practical impact on businesses, helping Clients take bold steps in their digital transformation.”
Goran Stevanovic, Partner in the South Central Ventures Fund, stated: “We are thrilled to support Lupa Technology as they redefine data management standards in the construction industry. Their innovative approach and deep understanding of construction challenges position them as a pivotal player in enhancing operational efficiencies. We are excited to see the fast adoption of Lupa’s technology by industry leaders and the value they are getting by using it, and at the same time, truly impressed with the quality and dedication of the Lupa team. We believe that this investment positions Lupa for success in disrupting the construction industry with transformative AI-driven solutions.”
This funding will enable Lupa Technology to accelerate its expansion across key markets, build on its user interface, and continue its path of being a pivotal actor in construction-related AI and R&D. Lupa aims to become a household name in the world of Construction Data Analytics, and with this funding, is ready to pursue a global leadership role.
About LUPA
Lupa is a cloud-based SaaS built for the Construction industry. Utilizing the power of AI and expert knowledge, Lupa turns large quantities of unstructured data into meaningful information. Based in New York and Belgrade, Lupa services Clients around the World working on large construction projects that require safe and secure real-time processing or forensic analysis of their data set. Lupa is a pioneer in construction data analytics and AI, paving the way for the integration of cutting-edge tech in the industry.
About SCV
South Central Ventures is a VC investor with a long and enduring presence in the Adriatic region. Operating out of four offices – Ljubljana, Zagreb, Belgrade, and Skopje – the team has invested in more than 40 early-stage tech companies and has been an integral part of the local start-up community. With a strong base of international investors, South Central Ventures is the go-to investor for regional tech companies competing in global markets. SCV’s portfolio companies include Cognism, AdScanner, Insightful, and Orgnostic, among others.