Doxel raises $40 mn in Series B funding from Insight Partners, others

The funding would help Doxel to accelerate recruiting across its engineering, sales, marketing and product teams

Doxel, the software start-up providing the first computer-vision-powered predictive analytics solution for the construction industry, announced the closing of $40 million in Series B financing – bringing its total funding to $56.5 million.

The investment was led by New York-based global private equity and venture capital firm, Insight Partners, with participation from existing investors Andreessen Horowitz and Amplo. It will allow Doxel to continue to expand its India workforce with hiring planned across the enterprise and scale its artificial intelligence platform.

The funding would also help the firm to accelerate recruiting across its engineering, sales, marketing and product