Startup TraceAir, which develops a platform for remote monitoring of construction sites, has raised $5 million to support the company's growth in the US residential construction market and expand its business in the construction industry.

One of the investors was the Flashpoint Venture Capital fund. The total amount of funds raised, taking into account previous rounds, exceeded $10 million, with $2.5 million in 2018 and $3.5 million in 2021.

The company clarified that this year they have tripled sales compared to the previous year amid accelerating demand for technology in the construction industry.

Original (in Russian)