PermitFlow Raises $54 Million to End Construction's Permitting Nightmare
TECHNOLOGY
Francis Thumpasery (left), cofounder and CEO, and Samuel Lam, cofounder and CTO, started PermitFlow in 2021 to help automate the permitting process.
The backbone of America, our builders, are constantly held back by systems that are decades old. The complex, bureaucratic process of securing permits and approvals causes massive delays, drives up housing costs, and stifles critical infrastructure projects. PermitFlow, the nation's leading AI platform for construction, is here to fundamentally solve that problem.
PermitFlow today announced it has successfully raised $54 million in Series B funding, led by Accel, with strong participation from firms including Kleiner Perkins, Felicis, and Y Combinator. This capital is designed to fuel the creation of construction's AI workforce, giving builders a faster, more predictable path from initial plan to final project groundbreaking.
The AI Advantage in Pre-Construction
PermitFlow has already powered more than $20 billion in construction value nationwide. The platform tackles the bottlenecks that hold back large homebuilders (like Lennar), corporate developers (like Amazon), and home-services contractors alike.
The secret to this success is PermitFlow's reliance on a proprietary dataset of over 12 million municipal data points. This specialized data continuously trains the company’s AI agents and automation models, which orchestrate every phase of pre-construction, from early design and planning to final approvals.
Builders leveraging the PermitFlow platform have seen astounding, measurable results:
Shortened timelines by up to 60%.
Reduced administrative workloads by 90%.
Achieved a 5x ROI.
Francis Thumpasery, Co-Founder & CEO of PermitFlow, highlighted the company’s mission: “Builders are the backbone of America. They put families in homes, build critical infrastructure, and shape our communities. Yet the systems behind that progress are decades old. We're changing that by bringing AI to construction and empowering builders to build without barriers”.
Accelerating the Future of Compliance
The new funding will be used to accelerate product development across PermitFlow's growing suite of AI agents, which are set to expand into specialized modules for permitting, inspections, and license management. The company is also aggressively expanding its team, hiring top talent from tech giants like Meta, Google, Uber, and Stripe to advance its mission.
Vas Natarajan, Partner at Accel, emphasized the necessity of this technology: “As infrastructure and housing projects accelerate globally, there's so much compliance, regulatory and legal overhead to manage. PermitFlow entirely redefines that complex, time-consuming work with AI. We've been impressed by the team's clarity of vision and are glad to be part of their journey”.
By solving construction’s biggest bottleneck, PermitFlow is ensuring that projects, whether tackling LA wildfire reconstruction or driving down the cost of new housing, can move from planning to groundbreaking with unprecedented speed and accuracy.