{"id":2356,"date":"2023-03-23T16:04:11","date_gmt":"2023-03-23T16:04:11","guid":{"rendered":"https:\/\/founderlodge.com\/latest-news\/?p=2356"},"modified":"2023-03-23T16:04:14","modified_gmt":"2023-03-23T16:04:14","slug":"togal-ai-raises-5-million-in-pre-series-a-funding-round-led-by-goldman-sachs-and-florida-funders","status":"publish","type":"post","link":"https:\/\/founderlodge.com\/latest-news\/togal-ai-raises-5-million-in-pre-series-a-funding-round-led-by-goldman-sachs-and-florida-funders\/","title":{"rendered":"Togal.AI Raises $5 Million in Pre-Series A Funding Round Led by Goldman Sachs and Florida Funders."},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-242.png\" alt=\"\" class=\"wp-image-2357\" width=\"150\" height=\"150\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-242.png 501w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-242-300x300.png 300w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-242-150x150.png 150w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/figure>\n\n\n\n<p>Miami, Florida \u2013 <a href=\"https:\/\/www.togal.ai\/\">Togal.AI<\/a>, 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 <a href=\"https:\/\/www.goldmansachs.com\/\">Goldman Sachs<\/a> and included participation from<a href=\"https:\/\/www.floridafunders.com\/\"> Florida Funders<\/a>, <a href=\"https:\/\/www.metacareers.com\/\">Meta<\/a>, and <a href=\"https:\/\/www.minitab.com\/en-us\/\">Minitab<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"478\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-243-1024x478.png\" alt=\"\" class=\"wp-image-2358\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-243-1024x478.png 1024w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-243-300x140.png 300w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-243-768x358.png 768w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-243.png 1168w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The financing will be used to further develop Togal.AI\u2019s 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.&nbsp;<\/p>\n\n\n\n<p>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\u2014a task that typically takes days or even weeks for humans to do manually. Now, with Togal AI\u2019s sophisticated algorithms and automated processes, construction companies can bid on projects more effectively and efficiently than ever before.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"541\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-244-1024x541.png\" alt=\"\" class=\"wp-image-2359\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-244-1024x541.png 1024w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-244-300x159.png 300w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-244-768x406.png 768w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-244.png 1173w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u201cWe 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,&#8221; said <a href=\"https:\/\/www.linkedin.com\/in\/patrick-hughes-6a8865102\/\">Patrick Hughes<\/a>, Co-Founder of Togal AI. &#8220;This additional capital will enable us to accelerate our development timeline so that we can better serve our customers with groundbreaking products.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Miami, Florida \u2013 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 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":2360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Togal.AI Raises $5 Million in Pre-Series A Funding Round Led by Goldman Sachs and Florida Funders. - Founder Lodge Latest News Togal.AI Raises $5 Million in Pre-Series A Funding Round Led by Goldman Sachs and Florida Funders.<\/title>\n<meta name=\"description\" content=\"Miami, Florida \u2013 Togal.AI, a Miami-based company developing technology to revolutionize the bidding process for construction companies, announced today Miami, Florida \u2013 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.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/founderlodge.com\/latest-news\/togal-ai-raises-5-million-in-pre-series-a-funding-round-led-by-goldman-sachs-and-florida-funders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Togal.AI Raises $5 Million in Pre-Series A Funding Round Led by Goldman Sachs and Florida Funders. - Founder Lodge Latest News Togal.AI Raises $5 Million in Pre-Series A Funding Round Led by Goldman Sachs and Florida Funders.\" \/>\n<meta property=\"og:description\" content=\"Miami, Florida \u2013 Togal.AI, a Miami-based company developing technology to revolutionize the bidding process for construction companies, announced today Miami, Florida \u2013 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. 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