BidSight
BidSight is a New York-based tech company that enhances real estate development through an AI-driven platform, facilitating data-driven decision-making and automating various financial and management tasks.
Services
BidSight provides a comprehensive platform designed for real estate developers that enhances their decision-making processes through data-driven insights. The platform facilitates the management of vendors at both the portfolio and project levels and includes features such as advanced forecasting to understand budget impacts from changes. It also supports multi-scenario budget analysis and modeling, cost-to-contract tracking, and automates various administrative tasks, such as invoice tracking and allocation. With customized workflows, BidSight streamlines draw packaging and approvals, leveraging AI for better cost management.
History
BidSight is a recent participant of the Y Combinator program, specifically in the Winter 2023 (W23) batch. This participation indicates its innovative approach and growth potential in the real estate and construction industries. Situated in New York, NY, BidSight focuses on simplifying and improving project cost management for real estate developers through its intelligent platform.
Location and Regions
BidSight is based in New York, NY, USA. The company primarily operates within the United States but also caters to the broader regions of America and Canada. This geographical focus allows it to serve a wide range of clients in the real estate and construction sectors across these regions.
Features
BidSight's platform brings numerous features that facilitate better project management for real estate developers. Key features include advanced forecasting for budget changes, cost-to-contract tracking, and multi-scenario budget analysis. It also automates invoice collection, tracking, and allocation, effectively reducing manual data entry. The platform integrates with existing accounting systems, provides a single source of truth for project costs across portfolios, and simplifies funding by allocating invoices to draw packages while automating approval workflows. Additionally, it has a custom AIA G703 extraction model to aid in documentation processes.