Togal.AI, a Miami, FL-based AI-powered construction software that automates the takeoff within the construction estimating process, raised $5M in Pre-Series A Safe Funding, at a $50M valuation.
The round was led by Florida Funders, with participation from Coastal Construction and executives from Meta, Goldman Sachs and Minitab.
The company intends to use the funds to expand its hiring and ongoing product development efforts.
Led by Patrick Murphy, CEO, Toga.AI provides AI-powered construction software that automates the takeoff within the industry’s estimating process. The company currently serves 25 of the 400 largest contractors in the U.S. and boasts a client list including DPR, Clark Construction, Stiles, Total Flooring and Coastal Construction.
