Insight Partners led a $40m Series B round in Trunk Tools.

Insight Partners, a global software investor, led a $40m Series B round in Trunk Tools, the AI-powered platform revolutionizing how construction teams interact with project data, with participation from Redpoint Ventures, Innovation Endeavors, Stepstone, Liberty Mutual Strategic Ventures, and Prudence. The new investment will bring the total funding to $70m, accelerating the company’s growth and helping to address the construction industry’s deeply rooted productivity losses, which exceed $1tn annually.