Field Materials has secured $10.5 million in Series A funding to accelerate development of its AI platform aimed at transforming procurement in the $600 billion U.S. construction materials and equipment rental market. The funding will support team expansion and continued integration with major construction accounting systems.
The company’s platform uses large language models to process vendor quotes, delivery slips, and invoices, automating data entry and reducing procurement-related processing time by up to 90%. CEO Eldar Sadikov said the platform is addressing critical inefficiencies exacerbated by rising material costs and tariffs. Currently processing over $360 million in purchases annually, Field Materials serves leading contractors including Swinerton, Teichert, and Big-D across more than 4,500 projects.
