Business · Companies · 5 hrs ago
Calgary startup PataBid raises $2 million for AI construction tool
Calgary startup PataBid has raised $2 million in pre-seed funding to grow its construction software business.
The round was led by Graphite Ventures, with participation from other investors and previous angel backers.
The money will support product development and expansion of the company’s supply and distribution network across North America.
PataBid’s platform, Quantify, uses AI to prepare construction estimates from project drawings, which the company says can take hours.
The company is also developing Newton, an AI tool it plans to add to Quantify.
Newton is in beta testing, with a launch planned for 2027.
The funding is intended to speed up commercialization of PataBid’s products in a construction industry where the company says estimating still relies on manual and older tools.
Calgary startup PataBid has raised $2 million in pre-seed funding to accelerate the commercialization of its AI-powered construction estimating tool.
Graphite Ventures led the round, with participation from four other investors and prior angel investors.
The company says its Quantify platform can prepare construction project estimates from drawings in a matter of hours.
PataBid is also developing Newton, an agentic AI tool that is in beta testing and planned for launch in 2027.
- Who
- Calgary startup PataBid raised the funding. Graphite Ventures led the round.
- What
- PataBid raised $2 million in pre-seed funding for its AI-powered construction estimating tool.
- When
- PataBid announced the funding on Tuesday. The article was published on October 21, 2026.
- Where
- PataBid is based in Calgary. The company plans to accelerate commercialization across North America.
- Why
- The funding will support product development, expansion of its supply and distribution network, and commercialization.
This story does not have two clearly opposing sides.
PataBid was named a Top 10 startup during Calgary Innovation Week and was later selected for the TELUS Sovereign AI Accelerator program.
PataBid announced it had raised $2 million in pre-seed funding.
PataBid plans to launch Newton, its agentic AI tool, which is in beta testing.
- Funding
- $2 million in pre-seed funding
- Lead investor
- Graphite Ventures
- Product
- Quantify, an AI-powered construction estimating platform
- Upcoming tool
- Newton, planned for launch in 2027
- Potential market
- An estimated 463,000 contractors across North America in the sectors PataBid serves
What people are saying
PataBid has built something contractors genuinely need
Melvin and his team bring decades of industry knowledge to estimating, one of construction’s most outdated processes. It’s a pain contractors feel on every bid.