Shackleton AI Raises $5M to Automate Construction Projects

The big picture: Shackleton AI, a New York-based construction technology startup, has emerged from stealth with $5 million in seed funding led by Battery Ventures. The company is betting that AI agents can take over the administrative work slowing down construction projects, already managing over $1 billion in construction project value across more than 15 U.S. states.

Why it matters:

• Efficiency gains: Construction teams often juggle multiple disconnected software systems, spending 10 to 15 hours each week on manual data entry and administrative tasks.
• Industry digitization: Construction remains one of the largest and least digitized sectors, presenting a significant opportunity for AI-driven automation to streamline operations.
• Proven impact: Shackleton claims its platform helps multi-location customers complete buildouts up to 35% ahead of schedule and as much as 18% under budget.

How it works:

• Centralized platform: Shackleton’s platform covers the entire construction lifecycle, from site selection and bidding to project completion, consolidating information in one place.
• AI agents: The system assigns repetitive tasks to AI agents, which can draft requests for information (RFIs), follow up on overdue submittals, monitor budgets for changes, and turn field notes into daily reports.
• Human oversight: The software is designed to coordinate tasks across different project parts, with human review and approval built into the workflow for critical decisions.

The catch: Shackleton enters a market with established construction software providers and newer AI startups. Its primary challenge will be proving that autonomous software can reliably handle complicated construction workflows, particularly where budgets, deadlines, and contractual obligations are involved. The reported $1 billion in project value reflects construction activity managed through the platform, not Shackleton’s revenue.

Key Facts

• Company: Shackleton AI
• Amount: $5M
• Round: Seed
• Investors: Battery Ventures (lead), Brick & Mortar Ventures, Trust Ventures, Correlation Ventures, Motivate Partners, Thayer Investment Partners, Act One Ventures, Brainstorm Ventures, Silence VC
• Founders: Michael Ragheb, Hassan Yasin, Olexandr Kaltsev
• Announced: 2026-11-04
• Sector: Construction Technology AI
• Headquarters: New York, US