Materialspace
Category: AI in Supply Chain / Logistics
An AI-powered pre-construction platform that automates material takeoffs, pricing, and bidding by extracting technical data from architectural plans and specifications. Materialspace was founded in 2024. The company is led by Yoash Palmor. Based in Tel Aviv, Israel. Team size: 11-50. Total funding raised: $7.0M. Latest round: Seed. Key investors include StageOne Ventures, Secret Chord Ventures, Timber Grove Ventures, Maccabee Ventures, GC Ventures.
- Founded
- 2024
- Headquarters
- Tel Aviv, Israel
- Team size
- 11-50
- Total funding
- $7.0M
Value proposition
Reduces the time required for manual plan analysis and material estimation from weeks to minutes, minimizing human error and accelerating the sales cycle for construction vendors.
Products and solutions
AI-Driven Plan Reader (Automated Blueprint Analysis), Automated Material Takeoff (MTO) Engine, Dynamic Pricing & Bidding Workflow Tool, Vendor-Contractor Collaboration Portal, Supplier Catalog Integration System
Unique value
Specifically targets the 'finish materials' niche of pre-construction, bridging the gap between unstructured architectural drawings and structured procurement data using specialized AI.
Target customer
Finish material vendors (e.g., kitchen and bath), trade contractors, real estate developers, and general contractors.
Industries served
Construction, Real Estate (PropTech), Building Materials Supply Chain, Interior Design & Architecture
Technology advantage
Leverages a proprietary pipeline of Computer Vision and Large Language Models (LLMs) trained on domain-specific construction documents to achieve high-precision data extraction from complex PDFs and CAD files.
How they differentiate
Specialized focus on 'finish materials' (e.g., kitchens, flooring, bathrooms) and automating the vendor-side bidding workflow rather than just general contractor takeoffs.
Main competitors
Togal.ai, Kreo, STACK Construction Technologies
Key partnerships
StageOne Ventures (Co-Lead Investor), Secret Chord Ventures (Co-Lead Investor), Timber Grove Ventures (Co-Lead Investor), Maccabee Ventures (Investor), GC Ventures (Investor)
Notable customers
PDG, Cuisine Ideale, Merrimack Stone & Cabinets, National Cabinet, Sauder Building Products, EFY Sales, Norfolk Companies, Cosmo Cabinets, Kitchen Kompact
Major milestones
Founded in 2024 by twin brothers Yoash and Nadav Palmor, Raised $7M Seed round in January 2026 (co-led by StageOne, Secret Chord, Timber Grove), Launched AI platform for kitchen & bath estimating, pricing, and design, Named among TheMarker's 15 most promising Israeli startups (2026)
Growth metrics
Grew to a team of 11-50 employees within the first year; expanded operations from Tel Aviv to target the US construction market.
Market positioning
Niche AI specialist in pre-construction procurement and material estimation.
Geographic focus
Israel, North America
Patents and IP
No registered patents publicly disclosed as of latest update; likely operating under trade secret protection for proprietary AI models.
About Yoash Palmor
Yoash Palmor is Co-Founder and CEO of Materialspace. He previously founded and ran Consul, a consulting firm serving manufacturers, contractors, and distributors (100+ companies similar to Materialspace customers).
Latest news about Materialspace
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Official website: https://materialspace.io
