About Adaptive
Adaptive makes software that uses AI agents to do project accounting for construction companies. The agents handle job costing, accounts payable, billing and work-in-progress (WIP) reporting. They work with the accounting systems contractors already use, including QuickBooks, Foundation and Sage, so no ERP migration is needed.
As of September 2026, more than 750 construction companies use Adaptive. Their yearly revenue runs from $5 million up to $1 billion. The company also partners with more than 40 accounting firms. It is based in New York and publishes an iPhone and iPad app called Adaptive Build. On September 17, 2026, it announced a $30 million Series B led by Tidemark.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Jul 10, 2026 | Oct 28, 2026 | $29,999,975fully sold | 8 | $3.7M | EquityRule 506(b) | Form D ↗ |
| Apr 13, 2022 | Jul 21, 2022 | $7,224,966fully sold | 37 | $195K | EquityRule 506(b) | Form D ↗ |
| Total, two offerings | $37,224,941 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Rounds announced by Adaptive
What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.
| Announced | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Sep 17, 2026 | Series B | $30 million | Tidemark (lead) | Adaptive announcement ↗ citybiz ↗ |
| Jul 7, 2022 | Funding round | $6.5 million | Andreessen Horowitz (lead) | SiliconANGLE ↗ |
Why Investors Backed Adaptive
Adaptive sells AI agents that do project accounting for construction companies. The agents sit on top of accounting systems such as QuickBooks, Foundation and Sage. On September 17, 2026, Adaptive announced a $30 million Series B led by Tidemark.
The problem it targets
Adaptive's case is that AI is worth most in construction accounting when field changes reach finance quickly. Its example is a crew that hits rock on a Tuesday. Finance must see how that shifts the projected cost of finishing the job, ideally before the monthly review. The project team then still has time to adjust.
What the product does
Adaptive's finance agents gather updates from superintendents and project managers through text, email and voice. They tie each update to a financial workflow, so a short note from the field can change the cost-to-complete and WIP figures. Tasks include reconciliation, cards, change orders, lien waivers, insurance compliance, job costing, payables and billing. The agents do not post to the general ledger by themselves. A person reviews each action before it reaches the books.
Progress so far
BuiltWorlds placed Adaptive in the AI-Native AEC Solution category of its first AI Top 50 list, published September 28, 2026. Adaptive was also selected for the 2026 AICPA/CPA.com Startup Accelerator. It displays a 5.0 score from each of Capterra, Software Advice and GetApp. Adaptive is recruiting in engineering, go-to-market and operations.
Who backs it
Tidemark led the $30 million Series B that Adaptive announced on September 17, 2026. The money is meant to expand its AI agents for construction finance. According to SiliconANGLE, Andreessen Horowitz led an earlier $6.5 million round that Adaptive announced in July 2022.
We wrote this summary from public statements by Adaptive and its investors. It is not investment advice.
Adaptive in the News
Leadership Team
Executive officers and directors listed on Adaptive's Form D filed Oct 28, 2026.
Earlier filings also listed Francisco Enriquez (executive officer and director, last listed Jul 2022).