Navatech, based in the UAE, secures $750K in the initial closing of a $3M seed funding round.

Navatech, a UAE-based construction technology firm, has secured $750,000 in the initial close of its $3 million Seed funding round, backed by international investors.

This funding not only affirms Navatech’s vision but also equips the company to advance its technological capabilities, expand its impact, and drive further innovation in the construction sector.

Prakash Senghani, CEO and Co-founder of Navatech, expressed enthusiasm over reaching this significant funding milestone, stating: “We’re thrilled to have achieved this important step in our funding journey. This validation empowers us to enhance our technology and broaden our impact on the construction industry. We deeply appreciate our investors’ support and are eager to continue our mission of bringing efficiency, safety, and innovation to construction projects worldwide.”

CTO and Co-founder Mukund Hirani also highlighted the importance of this achievement, noting, “This successful first close represents a crucial moment for Navatech. With the fast-paced development in AI, this investment allows us to accelerate our engineering efforts and deepen our expertise in AI and machine learning, ultimately delivering state-of-the-art innovations to our partners and clients."