Trunk Tools Secures $40 Million in Funding to Revolutionize Construction Management

News Summary

Trunk Tools, an AI-driven construction management company based in New York, has raised $40 million in Series B funding, boosting its total to $70 million. The investment, led by Insight Partners, will enhance its product and engineering capabilities, while expanding its range of AI solutions for complex construction projects. Active in the U.S. and Canada, Trunk Tools currently serves notable clients and aims to redefine construction project management by improving data accessibility and operational efficiency.

Trunk Tools Secures $40 Million in Funding to Advance AI in Construction

Trunk Tools, an innovative construction management platform based in New York, has successfully raised $40 million in Series B funding to bolster its AI-powered services. This significant funding round was led by Insight Partners, with contributions from various other investors including Redpoint Ventures, Innovation Endeavors, Stepstone, Liberty Mutual Strategic Ventures, and Prudence. This latest investment brings Trunk Tools’ total funding up to $70 million, following a previous $20 million Series A round in 2024. The announcement was made on July 24, 2025.

Expanding AI Capabilities

The funds raised in this round are aimed at expanding the platform’s engineering, product, and go-to-market teams. Additionally, Trunk Tools plans to enhance its field enablement program and scale its advanced AI capabilities to handle more complex construction projects. The implementation of a powerful AI platform allows construction teams to input natural-language queries and receive instant, accurate, actionable responses by analyzing project-related data, which includes documents, drawings, specifications, schedules, and Requests for Information (RFIs).

Advanced Technology for the Construction Industry

Trunk Tools employs advanced artificial intelligence techniques, including large language models, to aggregate and interpret the extensive volume of documentation generated during the lifecycle of a construction project. As of now, Trunk Tools operates across the United States and Canada and is already deployed on hundreds of construction projects, demonstrating its growing presence and effectiveness in the sector.

Subscription-Based Model

The company primarily offers its software through a subscription service, although newer AI agents may incur costs based on specific business outcomes. Notable clients include well-known construction firms like Suffolk Construction and Gilbane, reflecting Trunk Tools’ strong foothold in the industry.

Addressing Industry Challenges

With construction being a critical market valued at $11.4 trillion in 2024 and projected to grow to $12.3 trillion in 2025, there is a pronounced potential for technological advancements in construction practices. Trunk Tools seeks to eliminate outdated methodologies by addressing inefficiencies and simplifying complex workflows with advanced technology. The need for specialized AI solutions is emphasized, particularly in an industry facing unique challenges that general-purpose AI cannot effectively address.

Insight Partners’ Role

With over $90 billion in assets under management, Insight Partners is a global financial firm that invests in high-growth software and technology startups. The company’s backing of Trunk Tools signals a focused intent to innovate within the construction sector by creating a new category of AI dedicated to construction project management. This innovation aims to enhance data accessibility and operational efficiency, particularly for field teams.

Future Outlook

As Trunk Tools continues to grow and enhance its platform, the implications for the construction industry are substantial. The integration of advanced AI solutions promises not only to simplify operations but also to improve project outcomes through improved data insights and accessibility.

Overall, Trunk Tools stands at the forefront of a transformative movement within the construction sector, merging technology with traditional practices to pave the way for a more efficient future.

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Additional Resources

• The SaaS News
• Wikipedia: Artificial Intelligence
• Business Insider
• Google Search: Construction Technology
• Engineering News-Record