Calgary’s PataBid has raised $2 million in pre-seed funding to expand its AI-powered construction estimating software. Graphite Ventures led the round, joined by Sprout Fund, Bluesky Equities, Inverted Ventures, and angel investors.
Founded by Melvin Newman, PataBid helps contractors turn construction drawings into priced estimates through its Quantify platform, combining material identification, supplier pricing, and ordering.
The company says more than 200 contractors use Quantify, with over $2 billion in bids processed.
Funding will support product development, partnerships, and North American expansion. PataBid is also developing Newton, a conversational AI estimating agent, with a commercial launch planned for next year.
Want to know more? Check out the source code on Calgary.tech.