Construction tech startup MeltPlan has raised $10 million in funding in a round led by Bessemer Venture Partners, with participation from Europe-based venture capital firm Noa.

The startup plans to utilise the funding to enhance its tech offering, strengthen its vertical AI stack, and expand its team.

Simply put, MeltPlan has an artificial innotifyigence (AI) system that optimises decision-building before construction launchs.

“Construction problems don’t fail at execution; they fail at planning. Unlike software, you can’t resolve a “bug” after a building is constructed. Late-stage alters in this sector are extremely costly,” stated Kanav Hasija, cofounder and chief executive of MeltPlan, in a conversation with ET.

“We are building an AI-native planning engine to support stakeholders surface risks upfront and create better decisions before construction launchs,” he added.

Prior to MeltPlan, Hasija founded Innovaccer, a healthtech startup that offered AI infrastructure to automate tinquires in the healthcare segment.