Oneistox, an edtech start-up, focussed on transforming the AEC (Architecture, Engineering and Construction) industry, announced that it had raised $1.2 million in seed funding from Y Combinator, Powerhouse Ventures and Soma Capital with participation from notable angels like Amit Ranjan, co-founder of Slideshare and Deepak Menon, vice president-Microsoft amongst others.
With the vision to disrupt the AEC industry and enable better opportunities for AEC professionals, Harkunwar Singh along with his co-founders Vipanchi Handa, Mehul Kumar and Chaithanya Murali launched the edtech platform, Oneistox, in 2021. The platform offers a range of courses and upskilling programs tailor-made for AEC professionals to help them build industry-relevant new-age skills and stay ahead of the curve.
The AEC industry makes up 12 per cent of the world’s gross domestic product (GDP). Yet it is the second least digitised industry in the world after agriculture. Due to the lack of technological development, the AEC space worldwide looks exactly as it did 20 years ago, said Oneistox, adding that the company came into existence to enable working professionals with tech-first skills and maximise their potential.
The start-up aims to bridge the gap between traditional AEC education and the fast-evolving technological landscape, empowering learners to become future-ready professionals. With their seed funding round, the startup has been able to achieve 30 per cent month-on-month growth in the last 12 months whilst doubling down on its platform infrastructure, developing more new-age courses for learners and expanding its team.
“The AEC industry is ripe for disruption, and Oneistox aims at leading the charge with cutting-edge upskilling courses. We are thrilled to have amassed the support of such an eminent investors panel over the last year. Our goal is to ensure that the next generation of AEC talent is armoured with future-ready skills to meet the ever-evolving demands of this industry,” said Harkunwar Singh, co-founder of Oneistox.
The AEC industry needs what Oneistox is building. I'm proud to be an investor in the company and look forward to the disruptions they bring in the industry," quoted Gustaf Alstromer, group partner at YCombinator.
"Over the past year, Oneistox has achieved remarkable milestones, with exponential growth and scale. The biggest contributor to the company's success has been their unmatched understanding of the AEC industry and their strategic positioning as an ed-tech that challenges the status quo. We believe they are the game-changers the industry was looking for." observed Kshitij Golwalkar, general partner, Powerhouse Ventures.