International
The construction industry faces several challenges like project delays, inventory issues, and rising costs. Studies show that 57% of projects are delayed, leading to additional expenses. These inefficiencies have prompted entrepreneur Aravind Maroju to co-found ProcureX, an AI-driven construction platform designed to streamline operations.
ProcureX offers a comprehensive solution for construction companies, merging multiple platforms into one. It provides services such as real-time scheduling, inventory management, and optimized procurement. The platform’s AI uses predictive insights to minimize delays, reduce waste, and connect companies with reliable suppliers, enhancing overall project efficiency.
Launched in 2024, ProcureX recently raised nearly USD 1 million in funding and has already onboarded ten construction companies. With plans to expand across India and into international markets like Dubai and Saudi Arabia, the platform is poised to transform the construction industry.
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