Altitude alum & construction tech innovator, Brickeye closes $10 million investment round!

Altitude Incubator alum, Brickeye (formerly AOMS Technologies) has announced the successful completion of an investment round which saw the construction tech innovator secure $10 million CAD in funding. This mammoth investment reaffirms the company’s mission to provide industry-leading and game-changing solutions to the construction industry and ultimately benefitting construction projects. It is intended that the funds raised through this investment round will be put towards the continued growth of its risk mitigation and productivity platform for the construction and insurance industries.

“We are excited about the opportunities that lie ahead as we continue to innovate and empower the construction industry with our technology,” said Tim Angus, CEO of Brickeye. “This investment round reaffirms our commitment to providing game-changing solutions that reduce risk and drive productivity, ultimately benefiting everyone involved in construction projects.”

The prominent construction IoT and data analytics firm has received investments from new investors, including BDC Capital‘s IP-Backed Financing Fund and Graphite Ventures, in addition to continued support from its existing investors, including GreenSky Ventures, Brightspark, EDC, and the MaRS Investment Accelerator Fund for this funding round.

By leveraging IoT technology, Brickeye offers a range of solutions that facilitate job site monitoring, deliver intelligent alerts and analytics, and enable smart automations. These capabilities empower general contractors, property owners, developers, and insurance companies to proactively manage risks, enhance productivity, and safeguard profit margins for high-rise building and infrastructure construction endeavors. Brickeye is revolutionizing the insurance industry’s approach to policy placement, underwriting, and protection by assisting insured parties in reducing project risks during pre-construction phases and effectively managing risk throughout the construction process.

Altitude Accelerator is proud to have been involved in Brickeye’s journey from early in its industry journey. “It’s been amazing to watch Brickeye’s development since they registered with us in 2015,” said Altitude Entrepreneur-In-Residence, James Sbrolla. “Since their early days in our Incubator it was clear that this group worked well together and they have achieved their goals as a Team. This capital raise which was completed in a very challenging market is a testament to their ongoing success and bright future”. Sbrolla, a seasoned Cleantech expert in his own right,  provided direct oversight to Brickeye in its earlier years as part of the Altitude Incubator program, providing expertise, insights, and guidance to help the firm in gaining its footing in vital areas of business practice.

For further insights into how Brickeye is leading the construction sector with exceptional IoT technology and data analytics, please explore www.brickeye.com.