CHARLOTTE, N.C. — Field Materials, a fast-growing startup aiming to modernize how construction companies procure materials and equipment, has closed a $10.5 million Series A funding round, bringing its total capital raised to nearly $19 million. The company, co-founded by entrepreneurs with backgrounds in artificial intelligence and civil engineering, is building an AI-native solution to automate one of construction’s most labor-intensive processes.
The oversubscribed Series A round was led by Navitas Capital, with participation from Blumberg Capital, DivcoWest Ventures, S16vc, and Superseed Ventures.
Construction procurement in the U.S. represents a $600 billion market, but it remains highly fragmented and inefficient. Contractors and suppliers still rely heavily on phone calls, emails, PDFs, and spreadsheets — creating delays, errors, and costly administrative overhead. Field Materials is working to eliminate those inefficiencies through artificial intelligence.
Using its proprietary large language models, the Field Materials platform automatically processes vendor quotes, delivery slips, and invoices. The AI extracts all material descriptions, quantities, and units, and inputs them directly into nine of the most widely used construction accounting systems.
This automation can drastically reduce the time and effort required for purchase order and invoice processing — by up to 90%, according to the company. It also improves cost management and enables better pricing strategies through volume-based data insights.
“Construction companies, big and small, urgently need our product, especially now with tariffs impacting prices of materials and equipment,” said co-founder and CEO Eldar Sadikov, who previously sold his AI startup Jetlore to PayPal in 2018. “The capital raised in this Series A round will accelerate the delivery of AI capabilities the industry needs,” he added. “In other words, it will help us meet the growing demand.”
The company’s client base includes major contractors such as Swinerton, Teichert, and Big-D, who use the platform to manage procurement across more than 4,500 construction projects. Field Materials currently processes over $360 million in purchases each year from over 8,000 vendors, spanning 27 states and covering nine major trades, including plumbing, HVAC, concrete, and insulation.
Sadikov co-founded Field Materials in 2022 with Victor Gane, a fellow Stanford Ph.D. candidate. Sadikov’s academic focus was AI, while Gane studied civil engineering — a combination that proved instrumental in designing a platform tailored specifically to the construction industry’s needs.
Field Materials stands apart from traditional software vendors because its solution is built from the ground up with AI at its core, rather than AI being a feature bolted on. The platform is designed to be easy to adopt, requiring minimal training for construction teams that may not have technical backgrounds.
The company’s vision aligns with a broader industry trend of using AI to streamline and automate repetitive tasks that have long hindered productivity in construction.
“AI is a major disruptor that will replace many human services with software. AI agents will automate many of the routine tasks in construction that are still done manually today,” said Travis Putnam, managing partner at Navitas Capital. “Field Materials is a prime example of this shift.”
With the new funding, Field Materials plans to double its workforce and triple its revenue in 2025. The company’s momentum signals growing investor confidence in construction tech solutions, particularly those that address persistent inefficiencies with scalable automation.
Originally reported by Field Materials in Construction Dive.