Shackleton AI Raises $5 Million Seed to Put AI Agents to Work Across Construction

Shackleton AI has raised $5 million in seed funding led by Battery Ventures as it emerges from stealth with an agentic platform for development and construction management. The New York company is targeting the administrative work that sits between a construction project’s plans, finances, field reports, and communications. Brick & Mortar Ventures, Trust Ventures, Correlation Ventures, Motivate Partners, Thayer Investment Partners, Act One Ventures, Brainstorm Ventures, Silence VC, and other investors participated.

Shackleton plans to use the capital to expand the workflows its AI agents can manage and accelerate its go-to-market efforts. According to the company’s launch announcement, the platform launched in June 2026 and now manages more than $1 billion in project value across more than 15 states. That figure describes construction projects managed through the software, rather than Shackleton’s revenue or valuation.

Its customers include midsize general contractors working in multifamily, industrial, and commercial construction, alongside multi-location brands such as Red Lobster, Dog Haus, and Pepper Lunch. Co-founders Michael Ragheb, Hassan Yasin, and Olexandr Kaltsev developed the platform after building Ernest, a technology-enabled commercial general contractor, to $35…