Overview
Kwant is a New York construction technology company using AI and connected sensors to track jobsite workforce and safety[1]. Founded in 2019[2], the company is headquartered in Brooklyn, New York[3]. Kwant develops AI-powered construction workforce management and access control software that pairs hardware such as smart badges, facial recognition and IoT sensors and wearables with software for jobsite safety, compliance, productivity and worker onboarding[4]. The company's customers include Turner, Suffolk, Gilbane, Mortenson, EllisDon, Yates Construction, Walbridge, Consigli, Harvey Cleary and United Rentals[5]. According to Kwant, its platform delivers an average saving of $480,000 per data center project per year with an 8X return on investment, a 50% reduction in TRIR and an 11% increase in productivity for customers[6].
Kwant states it "was founded in 2019, with its origins beginning in December 2018", names Niran Shrestha as CEO, and its page's structured data lists a foundingDate of 2019. [2]
Kwant lists its office address as "77 Sands Street, Brooklyn, NY, 11201", the only office address given on its contact page. [3]
Kwant sells AI-powered construction workforce management and access control software that pairs hardware such as smart badges, facial recognition and IoT sensors and wearables with software for jobsite safety, compliance, productivity and worker onboarding. [4]
Customers
Kwant's site features Turner, Suffolk, Gilbane, Mortenson, EllisDon, Yates Construction, Walbridge, Consigli, Harvey Cleary and United Rentals among its named construction customers. [5]
Growth & traction
Kwant claims "$480K average saving per data center project per year - 8X ROI", a 50% reduction in TRIR and an 11% increase in productivity for customers. [6]
Key people
Backers
MetaProp
A venture capital and growth equity firm that invests in technology companies focused on real estate, property management, and the built environment.
MetaProp
New York venture capital and growth equity firm focused on proptech and the built world, with over 150 portfolio companies.
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