Quotr raises $4M seed round for AI construction estimating and procurement
Announced · Published · By Contractor AI Shop
Quotr, a Berkeley-based AI estimating and procurement platform, raised a $4 million seed round led by Llama Ventures with strategic angel investors. The company says it will use the money to expand enterprise deployments, grow its supplier network and push into data center, heavy industrial and mission-critical work.
Key facts
- The $4M seed round was led by Llama Ventures, with participation from strategic angel investors. Quotr
- Quotr was founded in 2024, is a product of FLOZ Inc., and says it has supported estimating on projects totaling more than $1.2 billion in construction value. citybiz
- Planned uses: enterprise deployments, a larger supplier network, and expansion into heavy industrial and mission-critical segments. FinSMEs
- Quotr claims customers cut takeoff time by up to 80% and submit 40% more bids per month; no customers or valuation were named. Construction Industry AI
Our take: what it means for contractors
Funding doesn't make a takeoff tool any more accurate. If you're a sub who bids residential, multifamily or commercial work, take a plan set you've already bid by hand, run it through Quotr and compare the quantities line by line. Then decide if the time it saves is worth the per-seat price.
What we don't know yet
- Valuation and full investor list (PitchBook also lists Berkeley SkyDeck Fund and Sky Arc Capital)
- Per-seat pricing amounts
- Independent accuracy data; the 80% time-savings and 40% more-bids figures are company claims
- Named customers
Sources
- Quotr · Quotr AI Raised $4M to Fix the Slowest Part of Construction · 2026-09-30 · Primary
- citybiz · Quotr Raises $4M to Expand AI-Powered Construction Estimating Platform · 2026-09-30 · Secondary
- FinSMEs · Quotr Raises $4M in Seed Funding · 2026-09-30 · Secondary
- Construction Industry AI · Quotr Raised $4M on the Bids Contractors Never Get Around to Submitting · 2026-10-02 · Secondary