A construction software company founded in Alpharetta, Georgia, in 2009 has crossed into billion-dollar territory. Kahua, based in Alpharetta, announced this month that it secured a growth investment from Bain Capital valuing the company at more than $1 billion, a tenfold jump from the roughly $100 million valuation it held following a 2019 funding round.
The investment comes through Bain Capital's Tech Opportunities Fund, which will make a minority growth investment of around $250 million in Kahua, according to Bloomberg figures cited by Bisnow. Bain Capital will become Kahua's largest outside investor, a firm that describes itself as more than 40 years old and manages around $225 billion in assets under management. The fund's portfolio already includes companies like Axtria, Defense Unicorns, and Finova, according to the same report.
Kahua CEO Scott Unger said the investment validates years of building the company into a system organizations rely on for managing complex programs, per Bisnow's report. Unger co-founded the company with Brian Moore, and the pair have a history together in cloud construction software: they previously built Constructware, one of the earliest players in the SaaS construction collaboration market, which Autodesk acquired in 2006, according to Extranet Evolution.
Federal Contracts and Blue-Chip Clients Anchor the Business
Kahua now counts more than 2,500 customers across multiple industries and supports more than $400 billion in capital programs on its platform, per Bisnow's reporting. Its client roster includes the Port Authority of New York and New Jersey, John F. Kennedy International Airport, and the New York City School Construction Authority. The company mainly works with owners of large assets — hospitals, government buildings, and universities.
Kahua entered the FedRAMP compliance process in June 2018.
The Naval Facilities Engineering and Expeditionary Warfare Center selected Kahua through a sole-source procurement in June 2025 to serve as the Department of the Navy's Electronic Construction Management System, according to a filing on SAM.gov.
AI Push Explains the Timing of the Investment
Kahua's product roadmap has moved quickly ahead of this funding round. In June, the company received federal authorization to deploy artificial intelligence capabilities inside its FedRAMP-certified platform boundary, becoming the first construction project management platform permitted to operate AI in a secure federal environment, per a PR Newswire release. That followed the May launch of Noa.
Philip Meicler said Kahua built the technology backbone for owners and delivery teams across the asset lifecycle, a framing that speaks to why the investment will accelerate Kahua's AI capabilities and product innovation work while helping it attract talent for continued growth, per Bisnow. The company followed with kCapture in August.
The company was also ranked #375 on Deloitte's Technology Fast 500 list in late 2025 after posting 192% revenue growth over a three-year evaluation period.
Construction Software Is Pulling in Venture Dollars
Kahua's jump to unicorn status lands amid a broader reshuffling of real estate technology investment. Proptech funding slowed significantly in the first half of 2026, but construction, building operations, and commercial real estate workflows attracted the most proptech capital during that stretch, per Bisnow's data drawn from the Center for Real Estate Technology & Innovation. Construction and development software led all asset classes with $260.2 million in July and $270.1 million in August.
Other construction tech plays are also drawing fresh capital. Autonomous Solutions Inc. announced a joint venture with SoftBank Group Corp. to develop and commercialize autonomous construction equipment, with SoftBank investing $225 million in Autonomous Solutions Inc. to help construction firms deploy autonomous vehicles for on-site excavation and haulage, Bisnow reported. Separately, six construction tech companies raised a combined $234 million in funding rounds over the summer.
Whether that heavy public-sector focus will slow its ability to chase private commercial customers against rivals like Procore remains an open question as the company scales with its new backing.
