Problem
Constructors are responsible for everyone in the site, this means a lot of documents and information to exchange between Contractors, Constructors and employees in order to grant compliance. The beurocracy creates a slow onboarding and the lack of a centralized ecossystem turn easy to loss a document or even don't check it. This means waste of time and fines.
Solution
We use AI to read documents, extract metadata, and notify both the sender and receiver whether the documents meet expectations. We also offer several tools within the platform, such as Site Diaries or Inspections, that enable different organizations to collaborate, using AI as the core solution (from speech-to-text to agents capable of doing anything the UI can). At the end of the day, LitLab is a platform that accelerates operations and builds corporate memory for the company.
Business model
SaaS with credits usage: plans of R$350 and R$1250;
Consider also enterprise plans with implementation fees and personalized plans (for companies with more then 200 colaborators)
Market
US$ 7 bi
Construction management/ops software + the construction slice of contractor-compliance software
Competitors
Avetta: 360,000+ businesses in 120+ countries, US$125M EBITDA (2024);
Veriforce: 3,200 hiring clients, 140+ countries, ;
Procore: 160+ countries served, 3M Users worldwide.
The national competitors are small and have obsolete tech stack.
Competitive differentiation
AI native ecossystem that understand the laws of the country and facilitate the sharing of documents whitout the need of a big operation.
The tech are ahead of competitors.
Entry barrier
This is mainly a compliance problem, and new competitors are often hesitant to enter the market.
Navigating this requires industry experience to understand how documents are exchanged, a robust tech stack, and the ability to survive long sales cycles in this sector.