Shackleton AI emerges from stealth with $5M seed to automate construction paperwork
Battery Ventures led the seed round for Shackleton AI, whose founders Michael Ragheb, Hassan Yasin and Olexandr Kaltsev grew contractor Ernest to $35M in revenue.
By RuntimeWire Staff · Published
Primary source: PR Newswire Business Technology
Why it matters
Construction firms lose project-manager hours to re-entering data across bidding, scheduling, document and finance tools. Shackleton AI's founders built the platform inside Ernest, the contracting business they ran, and Battery Ventures is betting that operator credibility helps an agent platform win adoption in a sector where new software often dies in the field office.
Shackleton AI emerged from stealth on November 4th with a $5 million seed round led by Battery Ventures. Co-founders Michael Ragheb, Hassan Yasin and Olexandr Kaltsev previously grew Ernest, a tech-enabled commercial general contractor, to $35 million in revenue across the Southeastern United States.…
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