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UpCodes Announces New AI-Based Tool, Copilot
UpCodes is a platform that has made building codes more straightforward for builders, homeowners, and industry experts for over seven years now. They have announced their latest tool, ‘Copilot’, is based on AI and will simplify and streamline the building code navigation process. Copilot will work as a research assistant, providing answers to complex building code questions and highlighting relevant code sections.
This article discusses how Copilot works, what problems it aims to solve, and how the startup plans to fund its development and adoption.
UpCodes Receives $3.5 Million in Series A Funding Round
UpCodes has secured $3.5 million in its series A funding round, led by Building Ventures, a real estate and construction tech venture capital firm. The funding received will be used to enhance Copilot’s features, add more AI functions to the platform, and expand its code library.
Expanding Growth for UpCodes’ Platform
UpCodes now has over 650,000 monthly active users and has received over 100 million page views. Its team has grown exponentially; its revenue has more than quadrupled, and its product offerings have extended to many user sectors in the building industry. The firm has digitized nearly two million codes and added coverage for all U.S. states and primary cities.
All About Copilot
Copilot aims to simplify the research process of building codes, which is otherwise quite complicated and time-consuming. Some examples of the questions it can answer include travel distance calculation for specific building occupancies in emergencies, clarifying the context behind a code section, and linking regulations.
The Advantage of Updated Code Databases
By utilizing UpCodes’ updated databases, Copilot has an edge. Regulations vary from jurisdiction to jurisdiction, and keeping the database updated takes time and effort. Copilot uses an internal system that fine-tunes its responses to cater to specific construction codes, and with each query, it passes through multiple layers of analysis. This approach helps parse questions accurately, and it focuses on jurisdiction-specific building codes.
How Copilot Addresses the Challenge of Limiting Hallucinations
One of the essential requirements in any AI project is to limit hallucinations. UpCodes’ Copilot has taken a major step in this regard by “fencing” the service into applicable codes, parsing over 5 million code sections, including 160,000 amendments, based on a user’s location and permit year. It uses additional data such as building type to ensure that Copilot only uses relevant codes.
How Copilot Helps Users
Copilot provides answers to users and chapters code sections so that users can understand and review the actual codes themselves further. It also focuses more on jurisdiction-specific codes, which are variances that building professionals must remain familiar with when working across different jurisdictions.
UpCodes Professional and Enterprise Plans
UpCodes’ subscribed users can ask Copilot three questions. Unlimited access to Copilot is granted by upgrading to UpCodes Professional or adding it to the Enterprise plan.
Series A Will Be Used to Develop Copilot Further
UpCodes’ Series A will be primarily used to hire for its engineering department and for every department that contributes to Copilot. The funds will be used to expand its code library and resources to enable Copilot to offer more sophisticated answers. Plans to add new features such as project management are also expected.
The Investment Made by Building Ventures
Building Ventures has invested in UpCodes during its A series funding round. The firm is made up of former operators in the construction industry, including former founders, and serves as a valuable resource for guidance when validating UpCodes’ ideas. Allen Preger, a partner at Building Ventures, expressed his excitement by stating that By unifying and maintaining all building codes in an AI-powered platform, UpCodes is transforming code compliance for the Built Environment.
FAQs
What is Copilot?
Copilot is an AI-based tool that simplifies the building code navigation process for builders, homeowners, and industry experts. It acts as a research assistant, answering complicated code questions and annotating responses with links to relevant sections of code.
What is the funding amount received by UpCodes for their Series A funding round, and who led the round?
UpCodes has secured $3.5 million in its series A funding round, led by Building Ventures, a real estate and construction tech venture capital firm.
How many monthly active users does UpCodes have, and what has been its recent growth?
UpCodes has now amassed over 650,000 monthly active users and has served over 100 million page views. Its team has doubled, its revenue has quadrupled, and its product offerings have expanded to include more user segments. Coverage has extended to all U.S. states and primary cities and the building code it covers has risen from under two million to more than five million sections hosted.
What kind of questions can Copilot answer?
Copilot can answer a variety of questions, including travel distance calculation for a specific occupancy in a building, elaboration on the context behind a code section, finding other codes and generating a checklist linked with related code sections.
What are UpCodes Professional and Enterprise plans?
UpCodes Professional and Enterprise plans offer a subscription service that allows users to ask Copilot three questions. Professional or Enterprise plans with unlimited access to Copilot can also be purchased.
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