Miami, Florida – Togal.AI, a Miami-based company developing technology to revolutionize the bidding process for construction companies, announced today that it has raised $5 million in its pre-Series A funding round. The round was led by Goldman Sachs and included participation from Florida Funders, Meta, and Minitab.

The financing will be used to further develop Togal.AI’s artificial intelligence (AI) platform and expand its team of experienced engineers. This new capital will help the company continue to innovate and bring its AI-powered solutions to market faster than ever before. 

Togal.AI was founded by Patrick Hughes with the goal of helping construction firms maximize efficiency by leveraging cutting-edge deep machine learning technology to analyze blueprints quickly and accurately—a task that typically takes days or even weeks for humans to do manually. Now, with Togal AI’s sophisticated algorithms and automated processes, construction companies can bid on projects more effectively and efficiently than ever before.

“We are proud to partner with Goldman Sachs, Florida Funders, Meta, Minitab, and other investors as we continue our mission of providing innovative solutions for the construction industry," said Patrick Hughes, Co-Founder of Togal AI. "This additional capital will enable us to accelerate our development timeline so that we can better serve our customers with groundbreaking products."