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Downtobid

AcquiredYC S19

Los Angeles, US · Founded 2019 · 5 employees · 10 known investors

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Downtobid builds an AI-powered bidding tool for general contractors in construction, using an AI assistant that reads construction blueprints, identifies required scopes of work, recommends subcontractors, and automates vendor outreach. The company's broader aim is to develop AI that interprets construction blueprints to support additional construction workflows.

Also known as Basis Construction Inc. · basis · basis, downtobid

AI & Machine LearningConstruction TechPropTechSaaSConstructionUnited States of AmericaAmerica / CanadaFully Remote

Founders & leadership· Y Combinator alumni (S19)

Downtobid was founded in 2019 by Andy Lee and Kevin Wu.

ALAndy Lee
Andy LeeFounder2019–2024Founder of Downtobid, a preconstruction software platform that streamlines bidding workflows for general and trade contractors.
KWKevin Wu
Kevin WuFounderKevin Wu is building Downtobid after working as a consultant at BCG and competing professionally as a gamer.
PJ
Patrick JohnsonHead of Design
K
KevCo-founder
OZ
Ondrej ZivnustkaCTOformer

Investors · 10

AME Cloud VenturesreportedPalo Alto · $1M – $10M

How we know: Y Combinator's founder network · Not right? Tell us

Bedrock CapitalreportedNew York

How we know: downtobid.com · Not right? Tell us

Correlation VenturesreportedSan Francisco · $100K – $4M

How we know: Y Combinator's founder network · Not right? Tell us

Crystal Towers CapitalreportedMountain View

How we know: Y Combinator's founder network · Not right? Tell us

FoundersXreportedPalo Alto

How we know: Y Combinator's founder network · Not right? Tell us

Limited VenturesreportedMiami

How we know: Y Combinator's founder network · Not right? Tell us

SignalFirereportedSan Francisco · $250K – $15M

How we know: Y Combinator's founder network · Not right? Tell us

Twenty Two VenturesreportedPalo Alto · $50K – $250K

How we know: Y Combinator's founder network · Not right? Tell us

Also in the syndicate · 1

Uncommon Capitallead

The YC application· Summer 2019 batch

▶ Application video — watch on YC ↗▶ Demo Day video — watch on YC ↗

Founder mafia

2 people who came through Downtobid went on to found or lead other companies.

Andy LeeFounderFounded Crescendo +2Kevin WuFounderFounded Leaping AI +1

Related companies · 10

BuildZoomBuildZoom operates an online marketplace that matches homeowners with licensed general contractors for remodeling and construction projects, using public records and past marketplace data to evaluate contractor quality and fit. It also provides tools for contractors to build an online presence, manage leads, and create bid proposals, serving the United States.
PlanGridPlanGrid makes cloud-based mobile and desktop software for the construction industry, letting contractors and owners manage blueprints, specs, photos, RFIs, field reports, and punch lists. It serves commercial, heavy civil, and other construction sectors, and operates as a digital blueprint repository.
TuxeboTuxebo operated an online marketplace for equipment rental, connecting people who wanted to rent items. The company is now inactive.
EquipmentShareEquipmentShare offers equipment rental along with fleet tracking software and hardware security tools for the construction industry. Its cloud-based solutions are aimed at contractors managing equipment and fleets.
ProcoreProcore provides cloud-based construction management software that unifies project planning, financials, bidding, BIM, resource tracking, and invoicing on a single platform. It serves construction firms by connecting field and office teams for real-time project visibility.
ResolveResolve builds software for reviewing 3D BIM (building information models) to help construction teams detect design issues early and reduce rework. The platform combines web-based collaboration, VR reviews, and AI-driven spatial navigation, and has been used on data center, pharma, water treatment, and healthcare projects.
HouzzHouzz operates an online platform and software connecting homeowners with construction and design professionals for home building, renovation, and design projects. Its Houzz Pro product offers AI-powered project management and design tools such as 3D floor plans, mood boards, and estimates for contractors and interior designers, while homeowners use the platform for inspiration and visualization tools.
NextdoorNeighborhood social network; IPO 2021
Porch GroupPorch Group operates a platform serving the homeowner and home services industry, with businesses spanning home inspection, real estate, moving, insurance (Homeowners of America), and data and marketing. It provides software and services to home services companies and connects homeowners with related products and services.
BirdEyeBirdeye offers an AI-powered platform with multi-agent "AI Coworkers" that handle marketing, operations, and customer experience tasks such as search optimization, review generation, listings management, social posting, and front-desk coordination. It serves multi-location businesses, providing a unified view of customers, locations, and interactions.

Companies working in the same space as Downtobid.

Legal entities · 1

corporate structure
Basis Construction Inc.

In the news

Press Release: Downtobid Raises $3.4 Milliondowntobid.com · Sep 2024🏗️ + 🤖 Downtobid - AI-assistant for construction biddingycombinator.com · Apr 2024

Frequently asked questions

What does Downtobid do?
Downtobid builds an AI-powered bidding tool for general contractors in construction, using an AI assistant that reads construction blueprints, identifies required scopes of work, recommends subcontractors, and automates vendor outreach. The company's broader aim is to develop AI that interprets construction blueprints to support additional construction workflows.
Who founded Downtobid?
Downtobid was founded by Andy Lee, Kevin Wu in 2019.
Who are Downtobid's investors?
Downtobid's investors include Y Combinator, AME Cloud Ventures, Bedrock Capital, Correlation Ventures, Crystal Towers Capital, FoundersX, Limited Ventures, SignalFire and 1 more.
Where is Downtobid headquartered?
Downtobid is headquartered in Los Angeles, US.