What does Shovels do?
Shovels leverages proprietary AI technology to systematically clean, enrich, and standardize building permit and contractor data, transforming fragmented public records from over 20,000 building permit jurisdictions into coherent, actionable insights. The platform is designed to serve private companies, researchers, and government agencies.
How much did they raise?
The company raised $5M in a Seed round, led by Base10 Partners, bringing its total funding to $6.5M.
What are their plans for the money?
With the new funding, Shovels plans to expand its data infrastructure to improve accuracy, update frequency, and geographic coverage, with the goal of eventually covering every city in the country. This expansion is poised to significantly enhance data analytics and decision-making across various sectors.
What have they achieved so far?
Since its founding in 2022, Shovels has already aggregated and analyzed data from all 20,000 building permit jurisdictions, demonstrating the platform's capability to handle large-scale government data integration and analytics.