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BusinessQuiet 6d · day 9

Adaptive raises $30M Series B for AI construction accounting agents

Tidemark leads the round, bringing the startup's total funding to $57M as it expands AI agents that automate project accounting for contractors.

newest coverage 5d agosummary written 5d ago8 pieces NewswiresMastodon

What to know

  • Adaptive's $30M Series B, led by Tidemark, brings its total funding to $57 million.
  • Existing backers Emergence Capital, Andreessen Horowitz, Pathlight, Definition and 3KVC also participated.
  • Funds will expand AI 'Project Accounting Agents' across job costing, AP, billing, WIP reporting, payments and compliance for construction finance teams.
  • More than 750 construction companies already use the platform, and human review remains required before agents post to the general ledger.

“Adaptive is one of the clearest examples we've found of a System of Action: it doesn't just help construction finance teams do the work, it increasingly does the work itself.”

Dave Yuan, Founder & Managing Partner, Tidemark · PR Newswire ↗ · Sep 16

Matt Calvano Co-founder and CEO of AdaptiveHenry Co-founder of AdaptiveDave Yuan Founder and managing partner of TidemarkJared Westergard Founder, Blackline Financial (customer)

Adaptive raises $30M Series B for AI construction accounting agents
Yahoo Finance

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

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Sep 18Sep 19Sep 20Sep 21Sep 22Sep 23Sep 24yesterdaynow · 1:38 PM ET
  1. 2

    Adaptive details plans for Project Accounting Agents and customer base

    The company said proceeds will accelerate development of its Project Accounting Agents across job costing, AP, billing, WIP reporting, payments and compliance, and support hiring in Boston and New York; more than 750 construction operators, from $5M to $1B in revenue, already use the platform.

    “Adaptive is one of the clearest examples we have found of a System of Action: it doesn't just help construction finance teams do the work, it increasingly does the work itself.”
    — Dave Yuan
    1. 1 outlet Adaptive raises $30m in funding for agentic construction accounting

      first by Yahoo Finance, 9d ago

  2. 3 days quiet
  3. 1

    Adaptive announces $30M Series B led by Tidemark

    Adaptive raised $30 million in Series B funding led by Tidemark, with participation from existing backers Emergence Capital, Andreessen Horowitz, Pathlight, Definition and 3KVC, bringing total funding to $57 million.

    “The hardest part of construction accounting isn't the accounting. It's finding out what's actually happening on the job, and what that means for the numbers.”
    — Matt Calvano
    1. 6 outlets Adaptive Raises $30M in Series B Fudging

      first by FinSMEs, 5d ago · also New York Business Journal, The SaaS News, VC News Daily, Adaptive, Axios

      5 more headlines