Winter 2022

Agave

Applied AI for Construction

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What they do

AI agents do back-office work for construction contractors across old systems

How close to us

3, close

agents finish and check finance tasks for one industry; no company memory or learning loop stated

Wedges

  • W5 One layer for one type of small firm adjacent
  • W7 Find and fix margin leaks adjacent
L1 Company brain (knows the organisation) 1, light
L2 Agent team (runs agents, tools, approvals) 2, clear
L3 Does and learns (finishes, checks, measures, updates the brain) 2, clear

Who buys

Firm size
mid-market
Buyer type
business
Role
contractor finance chiefs
UK
not known
Their own description (from YC)

Agave builds applied AI for construction, a $12T global industry run on financial software built 20-50 years ago, much of it on-prem with no APIs and no documentation.

We spent 4 years building proprietary rails that read and write across those systems. Our AI agents run on those rails and take over the back-office work contractors still do by hand: invoice matching, expenses, compliance, billing, and financial reporting. Contractors keep the systems they already use; our agents work across them.

600+ contractors run on Agave, including teams building hyperscaler data centers, mass transit systems, and other critical infrastructure. We're backed by Accel and Y Combinator, who both reinvested in our $15M Series A, plus execs from Procore, Autodesk, PlanGrid, and Plaid.

Our three co-founders have worked together for 12+ years, across Graphiq (acquired by Amazon in 2017) and Amazon, and started Agave in YC's W22 batch.

Full teardown

No full teardown yet. On the deep list.

Technical detail
Slug
agave
Lens hash
179096c479
Pass
screen
Stale
no