PataBid raises $2M pre-seed for AI estimating aimed at electrical, mechanical, plumbing and fire protection subs
Announced · Published · By Contractor AI Shop
Calgary-based PataBid raised a $2 million pre-seed round led by Graphite Ventures for Quantify, its AI platform that takes drawings to a priced estimate for MEP and fire protection contractors. It is also building Newton, a conversational estimating agent in beta, with commercial launch planned for 2027.
Key facts
- PataBid says Quantify is available in Canada and the United States with licenses starting at $2,460 a year. PataBid
- PataBid says more than 200 contractors use Quantify and more than $2 billion in bid value has been processed; those are company figures. PataBid
- Electrical Business reports the round was led by Graphite Ventures with participation from Sprout Fund, Bluesky Equities and others. Electrical Business (EB Staff)
- Calgary.Tech reports Quantify takes drawings to priced estimates using AI. Calgary.Tech (Robert Lewis)
Our take: what it means for contractors
A trade-specific estimating tool with a published starting price is rare. If you run an electrical, plumbing, mechanical or fire sprinkler shop, it's worth a demo next to general takeoff tools like Togal. Newton, the chat-style agent, isn't commercially available until 2027.
What we don't know yet
- Whether the $2 million and the $2,460 license price are in U.S. or Canadian dollars
- Newton pricing
- Independent user reviews
Sources
- PataBid · PataBid Raises $2M to Modernize Construction Estimating · 2026-10-20 · Primary
- Electrical Business (EB Staff) · PataBid raises $2 million in pre-seed funding for estimating solutions · 2026-10-19 · Secondary
- Calgary.Tech (Robert Lewis) · PataBid Raises $2 Million to Modernize Construction Estimating with AI · 2026-10-20 · Secondary