Artificial intelligence enterprise construction platform Kahua is set to get a new investment that values the Georgia-based company at more than $1B.
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Bain Capital’s Tech Opportunities fund will make a minority growth investment of around $250M in Kahua, making the buyout firm the company’s largest outside investor, according to Bloomberg. The investment will help accelerate Kahua’s AI capabilities and product innovation work as well as allow it to attract the talent needed for continued growth, CEO Scott Unger said in a press release.
"We've spent years building Kahua into the system organizations rely on to run their most complex programs and this investment validates that work," Unger said in a statement.
Kahua has more than 2,500 customers across a number of industries and supports more than $400B in capital programs on its platform. It provides the data and context AI needs to support customers as they plan, manage and make decisions across an asset's life cycle, according to the release.
The company mainly works with the owners of large assets like hospitals, government buildings and universities. Its customers include the Port Authority of New York and New Jersey, John F. Kennedy International Airport and the New York City School Construction Authority.
The new valuation is a big step up from Kahua’s previous $100M valuation from a 2019 funding round, Bloomberg reported.
"Kahua has built the technology backbone for owners and delivery teams, connecting critical data across the full asset lifecycle — from funding and planning through construction and long-term operation," Bain Capital Tech Opportunities partner Philip Meicler said in a statement.
Bain Capital is a more than 40-year-old private investment firm with around $225B in assets under management. Its Tech Opportunities fund has 24 companies in its portfolio, including Axtria, Defense Unicorns and Finova.
Proptech funding slowed significantly in the first half of 2026, but sectors such as construction, building operations and commercial real estate workflows attracted the most capital during the period, according to the Center for Real Estate Technology & Innovation.
For July and August, construction and development attracted more capital than any other asset class. CRETI reported that the asset class led July with $260.2M in funding and remained at the top in August with $270.1M.
Kahua is the latest in a string of construction tech companies to receive financial backing in recent years.
Autonomous Solutions Inc. announced a joint venture with SoftBank Group Corp. last week to develop and commercialize autonomous construction equipment for large infrastructure projects. SoftBank is also investing $225M in ASI, whose products help construction firms deploy autonomous vehicles for tasks like on-site excavation and haulage.
Six construction tech companies also drew significant investor interest this summer, raising $234M in recent funding rounds, Construction Dive reported.
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