JERUSALEM, July 11 (Reuters) - Israeli construction

technology startup Buildots said on Thursday it had received a

$15 million investment led by Intel Capital to help it grow.

OG Tech Partners and previous investors also participated in

the funding round that brings Buildots' total financing raised

to $121 million.

Buildots uses artificial intelligence (AI) software to help

the construction sector overcome inefficiencies and prevent

errors that could lead to schedule delays and budget

discrepancies.

The company said it lessens costs while reducing delays by

up to 50%.

Roy Danon, Buildots' CEO, said that the company integrates

AI-powered progress tracking and advanced analytics software

into the multitrillion-dollar construction industry that "has

not yet fully benefited from the digital age".

Intel Capital is the venture capital and investment arm of

chipmaker Intel ( INTC ).

Lisa Cohen, investment director at Intel Capital, said in a

statement that with Intel ( INTC ) undertaking some of the largest and

most complex construction projects in the world, it looks to AI

to "revolutionize construction process management and drive new

efficiencies".