Lupa Technology, a Serbian-American startup aiming to revolutionize data management in the construction industry, has successfully raised $1.8 million in funding to fuel its expansion. Based in New York and Belgrade, the company is focused on improving the way data is managed and analyzed in construction, helping clients make better, more informed decisions.
Investment Breakdown
The majority of the investment, $1.5 million, comes from the South Central Ventures Fund, which was introduced to Lupa Technology during its participation in the Innovating Activity Fund program and Catapult Accelerator. Additionally, the startup secured €300,000 from the Innovation Fund in the form of a co-investing grant, thanks to its involvement in the Catapult Accelerator program.
Addressing a Major Industry Challenge
The core issue Lupa Technology addresses is the lack of real-time data available to key decision-makers in construction, which often leads to delays, mismanagement, and higher risks. The founders of Lupa Technology, with years of experience working on international construction projects, saw an opportunity to turn this challenge into a game-changing platform for the industry.
Key Features of Lupa Technology’s Platform
Lupa Technology provides a platform with a suite of powerful tools that enables companies to transform their data into actionable insights. Its main features include:
- Data unification and integration from other platforms, allowing companies to adopt new technologies without disrupting their existing workflows.
- The ability to process millions of documents and large volumes of data in terabytes from various sources such as email, OTT channels, drawings, and schedules, all stored on secure servers.
- A user-friendly platform that allows companies to view, sort, and analyze all of their construction data in one place.
- The use of generative AI insights and reporting to convert massive amounts of data into meaningful information, facilitating smarter decisions.
Global Ambitions and Clientele
Lupa Technology’s goal is to become a global leader in building data analytics. Its client base includes real estate developers, general contractors, construction law firms, engineering companies, and insurance firms, which use the platform for both real-time project management and forensic analysis. The platform’s applications range from project control and risk management to dispute resolution and benchmarking.
Currently, Lupa is targeting key markets in the US, UK, EU, and GCC regions, with a focus on both direct sales and partnership-driven sales.
Leadership Insights
Vladimir Milovanović, CEO of Lupa Technology, expressed his excitement about the successful investment round: “We are thrilled to have secured this substantial investment, led by South Central Ventures and supported by Catapult Accelerator. This funding will strengthen our platform, allowing us to help clients take bold steps in their digital transformation journey.”
On the investor side, Goran Stevanović, partner at South Central Ventures Fund, praised Lupa Technology’s vision: “We are proud to support Lupa Technology in redefining data management standards in the construction industry. Their innovative approach and deep understanding of the challenges position them as a key player in improving operational efficiency.”
Next Steps for Lupa Technology
The funding will allow Lupa Technology to accelerate its expansion into key markets, improve its user interface, and continue its focus on artificial intelligence and R&D in the construction industry. With this financial backing, Lupa is poised to become a global leader in building data analytics, driving innovation in how the construction sector processes and uses data.
