# Shackleton AI raises $5M seed to automate construction project workflows

Digest AI · Enterprise & Industry · published 2026-11-04T13:00:00Z

Canonical: https://digestai.news/story/shackleton-ai-raises-5m-seed-to-automate-construction-project-workflow

## Summary

Shackleton AI, a New York-based startup, has secured $5 million in seed funding led by Battery Ventures. The company emerged from stealth in June 2026 with an AI agent platform targeting administrative inefficiencies in construction and development projects, managing over $1 billion in project value across 15 states. Customers include mid-sized general contractors and multi-location brands like Red Lobster and Dog Haus, according to the company’s launch announcement.

The platform, developed by former Ernest general contractor co-founders Michael Ragheb, Hassan Yasin, and Olexandr Kaltsev, aims to streamline coordination between disconnected software tools. Its AI agents handle tasks such as drafting RFIs, tracking submittals, identifying budget variances, and converting field notes into daily reports. Shackleton emphasizes its ability to integrate project data—including bids, budgets, and financial records—with accounting systems like QuickBooks and Sage. Ragheb claims multi-location customers have achieved up to 35% faster project completion and 18% cost savings, though these figures are company-reported and not independently verified.

## Key points

- Platform manages over $1B in project value across 15 states, serving contractors and brands
- AI agents automate RFIs, submittals, budget tracking, and field report generation across tools

## Why it matters

The startup’s focus on consolidating construction project data into a single AI-driven workflow could reduce manual coordination costs for contractors, but success depends on proving scalability and ROI beyond early adopters.

## Sources

1. [Shackleton AI Raises $5 Million Seed to Put AI Agents to Work Across Construction](https://unite.ai/shackleton-ai-raises-5-million-seed-construction-ai-agents) (Unite.AI, 2026-11-04)

## Cite

Digest AI, "Shackleton AI raises $5M seed to automate construction project workflows", 4 November 2026, https://digestai.news/story/shackleton-ai-raises-5m-seed-to-automate-construction-project-workflow

---

Written by Digest AI's editorial model from the linked sources; the sources are the record. Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse
JSON: https://digestai.news/story/shackleton-ai-raises-5m-seed-to-automate-construction-project-workflow.json