Fundraising Fox

Brickeye

Founded 2014 · 47 employees on LinkedIn · 10 known investors

Brickeye provides an end-to-end construction risk management platform that combines ruggedized IoT-enabled hardware, network connectivity, and software analytics to monitor job site conditions including water damage, concrete quality, and environmental risks. The platform serves construction companies and is supported by construction, technology, and insurance industry partners.

Also known as Brickeye

Investors · 10

Also in the syndicate · 5

BDC Capital's IP-backed Financing FundBeauchamp ConstructionleadBrightsparkEDCExport Development Canadalead

Funding

SEC filings, press & company announcements

$10M disclosed across 1 of 4 rounds · 2023–2026

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Brickeye offers an AI-native, IoT-enabled construction risk intelligence platform that converts job site conditions into early warnings. Its two principal solution areas are water mitigation, aimed at preventing water damage and the rework, delays and insurance cost escalation that follow, and concrete monitoring, aimed at quality compliance, productivity and defect prevention on concrete pours.

The offering combines ruggedized IoT hardware, standalone job site connectivity and construction-specific software, delivered as a turnkey service that includes pre-construction project management, installation support, setup and configuration, onboarding, maintenance and 24/7 ongoing service. A branded program, BuildersRiskIQ, applies the sensor data and risk mitigation services to de-risk projects upfront so owners and contractors can pursue lower deductibles and preferred Builders Risk coverage terms.

Business model

Brickeye sells a combined hardware, connectivity and software package with accompanying deployment and support services to construction projects, positioning insurance-related benefits such as improved coverage terms as part of the value delivered.

Traction

More than 4,500 projects in over 20 countries use Brickeye to monitor job sites. Canderel Group has cited use of a technology-enabled water mitigation plan with Brickeye to secure preferred coverage terms and lower deductibles on Builders Risk insurance.

Latest developments

Brickeye announced a $10 million Series B to scale its construction risk mitigation technology across North America and beyond, was named to Deloitte's 2025 Technology Fast 50, partnered with Shepherd to bring IoT risk intelligence into autonomous underwriting, and was featured in Engineering News-Record coverage of builders' risk insurance influencing job site decisions.

Full profile — market position, technology, go-to-market, geography

Market position

Positioned at the intersection of construction technology and insurance risk management, serving contractors, developers and underwriters; recognized on Deloitte's 2025 Technology Fast 50 list of Canada's fastest-growing technology companies.

Purpose-built construction hardware and software backed by more than ten years of industry expertise, standalone site connectivity, a turnkey deployment and 24/7 service model, and the BuildersRiskIQ program linking monitored risk mitigation to insurance coverage terms.

Technology

Ruggedized IoT sensors for job site conditions, standalone job site connectivity independent of existing infrastructure, and construction-oriented software that translates monitored conditions into early warnings; the platform is described as AI-native.

Go-to-market

Direct sales through demo and quote requests, supported by dedicated project management and deployment services, plus partnerships with insurance players such as Shepherd for autonomous underwriting.

General contractors, owners and developers, and insurance providers across the construction and insurance value chain.

Geography

Projects in more than 20 countries, with a stated focus on scaling across North America and beyond.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Countries with projectsJan 202520
Projects protectedJan 20254,500 projects

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 3

launches, deals, and filings
Jan 2025
Named to Deloitte's 2025 Technology Fast 50 list

Brickeye was named to Deloitte's 2025 Technology Fast 50 list of Canada's fastest-growing technology companies.

source ↗

Jan 2025
Brickeye raises $10M Series B

Brickeye announced a $10 million Series B round to scale its construction risk mitigation technology across North America and beyond.

$10M source ↗

Jan 2025
Partnership with Shepherd on autonomous underwriting

Shepherd and Brickeye partnered to bring IoT risk intelligence into autonomous underwriting.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Brickeye do?
Brickeye runs an IoT-enabled construction risk intelligence platform for water mitigation and concrete monitoring on job sites.
Who are Brickeye's investors?
Brickeye's investors include Brightspark Ventures, Graphite Ventures, GreenSky Ventures, Startup TNT, MaRS Investment Accelerator Fund.
How much funding has Brickeye raised?
Brickeye has disclosed $10M raised across 1 of its 4 known rounds.