Shackleton AI Emerges With Construction Platform and $5 Million Seed Round
Shackleton AI has emerged from stealth with a platform that combines development and construction workflows, alongside a $5 million seed round led by Battery Ventures. The company says its AI agents handle administrative work across the project delivery lifecycle.
- Shackleton AI has emerged from stealth with an agentic construction platform.
- The company raised $5 million in seed funding led by Battery Ventures.
- Its platform manages more than $1 billion in project value across more than 15 states.
- AI agents can draft RFIs, follow up on submittals and convert field notes into daily reports.
A platform for development and construction
Launched in June 2026, the Shackleton platform brings workflows from site selection and bidding through project turnover into a single system. The company says it currently manages more than $1 billion in project value across more than 15 states for midsize general contractors in multifamily, industrial and commercial construction.
Its customers also include multi-location brands such as Red Lobster, Dog Haus and Pepper Lunch. Shackleton says its platform combines development, preconstruction, project and field management, finance and communications, with shared data supporting its AI agents.
AI agents target administrative work
Shackleton says its agents can draft requests for information, follow up on overdue submittals, flag budget variances before payment requests are submitted for approval and turn field notes into daily reports. The agents operate across the platform rather than within a single application, allowing teams to coordinate activities across projects and portfolios.
Human oversight remains part of the system through review and approval workflows. The company says it is building toward construction projects that can largely manage themselves, with proactive assistance across each stage of delivery.
Shackleton frames the product as a response to fragmented construction software. According to the company, teams may use seven to 10 systems and spend 10 to 15 hours a week on data entry and administrative work. The platform was created by Michael Ragheb, Hassan Yasin and Olexandr Kaltsev, who previously grew the technology-enabled commercial general contractor Ernest to $35 million in revenue across the Southeastern United States.
Battery Ventures leads $5 million funding round
Battery Ventures led the seed round, with participation from Brick & Mortar Ventures, Trust Ventures, Correlation Ventures, Motivate Partners, Thayer Investment Partners, Act One Ventures, Brainstorm Ventures, Silence VC and others. Shackleton says it will use the funding to expand the workflows its agents can manage and accelerate its go-to-market efforts.
“Construction is one of the largest and least digitized sectors in the economy,” said Michael Brown, general partner at Battery Ventures. He added that the Shackleton team had built the platform to run its own business before bringing it to market.
Ragheb, who is Shackleton’s co-founder and CEO, said he had been spending more time moving data between systems than running projects at Ernest. The company says multi-location customers have completed buildouts up to 35% ahead of schedule and as much as 18% under budget.
The funding and launch give Shackleton a route to expand an AI system that connects construction operations in one platform. For users, the company’s stated focus is reducing manual coordination while keeping people involved in reviewing and approving work. Shackleton is accepting demo requests through its website.
PR Newswire: /C O R R E C T I O N - Shackleton AI/
