Agave, an AI platform for construction financial operations, has raised $15 million in funding led by Accel, with continued backing from Y Combinator, bringing total funding to more than $20 million. The company serves over 500 customers, has been profitable for more than two years, and has nearly tripled recurring revenue year over year. The new capital will support team expansion and accelerate development of AI products for construction accounting and financial workflows
Modernizing Construction Finance
Construction companies still rely on outdated accounting and project management software, creating manual, time-consuming financial processes. Agave connects legacy ERP, project management, and scheduling systems through its proprietary infrastructure, allowing contractors to synchronize financial data without replacing existing software.
More than 12,000 contractors have used Agave's platform across over 80,000 projects representing more than $100 billion in construction volume, including infrastructure such as the Tesla Gigafactory, AWS and Meta data centers, hospitals, universities, and public transportation projects.
Expanding AI-Powered Financial Automation
Building on its integration platform, Agave introduced AI products in late 2025 to automate construction finance workflows. Solutions handle invoice processing, contract validation, cost coding, approvals, and ERP updates while providing real-time financial visibility.
Customers have used the platform to reduce manual accounting work, improve forecasting, and automate financial reporting across construction projects. AI product revenue has increased more than tenfold since launch.
Scaling the Platform
The latest funding will support a threefold expansion of the team and the launch of more than four additional AI products over the next six months. Agave aims to help contractors address workforce shortages by preserving financial knowledge through AI while allowing existing accounting teams to manage growing project volumes more efficiently.