SAN MATEO, Calif., April 13, 2026 (GLOBE NEWSWIRE) -- Primepoint has closed a $10M seed round to advance its proprietary AI platform, co-founded by AI-veterans Lubomir Bourdev, PhD, and Hamid Palo, to understand construction drawings, reading linework, tags, and cross-document references across an entire project set. The San Mateo-based company received funding in two portions: an initial $4M co-led by Penny Jar Capital and NextView Ventures, followed by a $6M sum led by Navitas Capital, and participation from Penny Jar Capital, NextView Ventures, GS Futures and Aglaé Ventures. The round also includes contributions from AI pioneer Dr. Yann LeCun, Executive Chairman at AMI Labs and former Chief AI Scientist at Meta, widely recognized as one of the founding fathers of modern deep learning.

Primepoint's proprietary AI knowledge graph automatically connects every drawing element to its corresponding schedule, specification, and project document, down to the tag level, and does the first pass of the work a construction team spends hours doing, with precise, traceable results that customers have come to trust. Designed to link information across an entire construction set and augment project manager expertise, Primepoint's platform analyzes the hundreds of drawings that go into construction projects and eliminates the need for manual revisions and reconciliations against specs, RFIs, and submittals. Every result is traceable to the exact drawing detail or specification reference behind it. The tool transforms static PDFs into a seamless interactive drawing experience powered by an underlying knowledge graph, allowing project teams to easily gain visibility into project status, changes, and needs.

"As early investors in PlanGrid, Navitas is familiar with the power of digital drawings on construction sites, but the Primepoint demo blew us away," expressed Mike Heller, Principal at Navitas Capital. "This world-class team has ushered in a new ...