The homebuilding industry is embracing artificial intelligence at a faster pace, and Higharc has taken a significant step forward with fresh investor backing. The Durham, North Carolina-based construction technology company has secured $95 million in Series C funding, a move that will help it expand its AI-powered platform for homebuilders and building materials suppliers. The investment reflects growing confidence in digital tools that simplify the design, sales, estimating, and construction process for new homes.
Insight Partners Leads the Investment
Higharc announced that the Series C funding round was led by Insight Partners, with participation from Wellington Management and several existing investors. Those returning investors include Fifth Wall, Spark Capital, Lux Capital, SE Ventures, Simpson Strong-Tie, PSP Partners, RXR Arden Digital Ventures, Suffolk Technologies, Vertex Ventures, NC Tweener Fund, and MetaProp.
With this latest investment, Higharc has now raised more than $170 million since the company was founded. The company said it will use the new capital to accelerate the development of its AI platform and expand AI-powered estimating capabilities across the homebuilding and building materials industries.
AI Platform Designed for Homebuilders
Higharc develops cloud-based software that helps homebuilders manage the entire homebuilding process through a connected digital platform. Instead of relying on traditional design files, the platform creates intelligent digital home models that automatically generate floor plans, construction documents, material estimates, and other project information.
The company says its technology allows builders to reduce manual work, improve collaboration across teams, and speed up decision-making throughout the design-to-construction lifecycle. Builders across North America use the platform to support residential development projects.
Partnership with US LBM
Alongside the funding announcement, Higharc also introduced AI Estimating for building materials distributors. The company named US LBM, the largest privately owned distributor of specialty building materials in the United States, as its first strategic partner for the new offering.
The partnership is designed to connect Higharc’s digital home models with building material estimating workflows, helping distributors and builders work from the same project data throughout the construction process.
Building on Earlier Growth
The latest funding follows Higharc’s $53 million Series B round, which the company announced in February 2024. Since then, Higharc has continued to develop its AI-driven software for residential construction.
According to Higharc, builders using its platform have reduced product development timelines from months or even years to weeks or days. The company also says customers have shortened community launch timelines by 25% to 50% and improved gross margins by 10% to 15%. These performance figures are based on results reported by Higharc.
The new funding gives Higharc additional resources to expand its AI capabilities and strengthen its position in the residential construction technology market. As homebuilders continue to adopt digital tools to improve efficiency, Higharc plans to further develop software that connects home design, estimating, and construction into a more streamlined workflow.
