Adaptive Secures $30M Series B Funding to Develop Agentic Construction Accounting Platform
Adaptive, an agentic accounting platform for the construction industry, has raised $30 million in a Series B funding round led by Tidemark and supported by existing investors. The company plans to use the funds to further develop its Project Accounting Agents across key areas such as accounts payable, billing, compliance operations, job costing, payments, and work-in-progress reporting. The investment highlights Adaptive's innovative approach of automating construction finance tasks that traditionally require manual coordination between field workers and back-office teams. Tidemark’s Dave Yuan praised the platform for its ability to act as a 'System of Action,' reducing reliance on human intervention in critical accounting decisions. With this funding, Adaptive aims to expand operations at its Boston and New York offices while growing headcount. Adaptive's solution is already used by over 750 construction operators including general contractors, specialty trades, and real estate developers. The company has now raised a total of $57 million in capital since inception.
