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This article is part of an ongoing series covering startups that have become part of the project Mohammed bin Rashid Innovation Fund (MBRIF) Accelerator Program.
Eliminating mundane administrative tasks to increase overall efficiency is a goal many industries hope to achieve, and the construction industry is no exception. Dubai-based tech startup stonAI offers a digital assistant platform that automates document-related tasks for construction companies. “StonAI was created to digitize and automate the construction industry’s tedious administrative tasks, making access to contract references and documents faster and easier,” said Yaseen Alkaisi, founder and CEO of StonAI. “I come from the construction industry myself and Having managed large-scale projects, I am also passionate about new technologies such as Artificial Intelligence (AI) and Machine Learning (ML) – these are the main drivers that lead me to innovate and solve problems in construction projects”.
The StonAI platform claims to provide the first intelligent assistance software for construction projects, using artificial intelligence-driven models to prioritize important time-consuming tasks in a given project. The platform also offers a proprietary optical character recognition solution that automatically extracts data from any uploaded document, which can then be used to automatically fill in information on other forms. Using machine learning models powered by natural language processing, StonAI is also able to access and leverage thousands of project-related data and information in seconds. Using these tools, different aspects of a project can be seamlessly connected to ensure efficient use of resources.
Related: Startup Spotlight: Dubai-based AI supply chain sensing hopes to put an end to logistics disruptions (even before they happen)
Of course, all of this ultimately helps save time and money spent on file and other task management. “Our added value includes time savings, cost recovery and efficiency gains of up to 30%,” Alkaisi added. “We have patented a number of models related to document extraction and archiving. In terms of revenue generation, we offer different levels of licenses based on project size, number of employees and project duration. Our license subscriptions are on a per-project basis Conducted monthly.
The StonAI beta version was launched in May 2022, and the platform was officially launched in November of the same year. So far, the startup expects to have paying customers by the end of the first quarter of 2023. “StonAI is currently exploring the UAE and Saudi Arabia markets and will expand to other GCC countries in Q2 2024 and globally in Q3 2025,” Alkaisi added. “The Government of Dubai is supporting the Support and initiatives for start-ups and innovation in the city have always been a core strength of ours, along with a high-level network of mentors and advisors.”
Here, Alkaisi also highlights the benefits of his startup’s participation in the MBRIF accelerator program. “The MBRIF program has always been an elite program for innovators like us,” he said. “We were greatly helped through its structured projects, access to senior mentors and network, and support from project managers and organizers.”
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