Adaptive Real Estate

Adaptive is an AI-powered financial management platform tailored for the construction industry. Founded in 2021 and based in New York, the company has quickly gained traction since its launch in 2023, securing 19 million in Series A funding in July 2024. Adaptive serves over 280 construction businesses managing more than 1.4 billion in project volume, focusing on small-to-medium-sized contractors, homebuilders, and developers. The platform offers several key features, including AI-driven document processing that organizes bills, receipts, and invoices by project. It automates workflows for approvals and reconciliations, enhancing efficiency and reducing errors. Adaptive also provides real-time budgeting and draw generation, integrates with company cards for receipt management, and syncs financial data with QuickBooks for streamlined accounting. The company aims to address significant inefficiencies in the 2 trillion construction industry, targeting the elimination of over 273 billion in payment delays and manual processes.