Point72 Ventures, the independent venture capital arm of hedge fund trader Steven Cohen’s global asset management firm, led a $7 million round in seed funding for Swapp, an AI-powered construction planning company.
Entrée Capital also led the seeding initiative, according to a news announcement. The investment will support Swapp’s market expansion and AI capabilities.
“We believe Swapp has the ability to reinvent architecture by automating the entire construction planning process,” said Daniel Gwak, partner at Point72 Ventures. “Swapp’s AI-powered platform is designed to help modernize real estate development by . . .
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