Lumiate

At Lumiate, we are eliminating cost and time overruns on energy and infrastructure projects. Our AI reads construction drawings 20x faster, 150x cheaper and more accurately than humans, reducing the time to do perform quantity take offs from 10 minutes per page to 30 seconds. That data can then used to automatically generate construction schedules, cost estimates, risk registers, etc. With 98% of energy and infrastructure projects experiencing cost or time overruns during construction, our technology helps projects to become more predictable, reducing risk for all stakeholders. Client budgets and timelines are better protected, whilst simultaneously protecting contractor margins. A win win situation that has never before been possible. Until now. Lumiate are participants in the following accelerators: - University of Sydney Genesis accelerator cohort 33 - NVIDIA Inception program participants