Location: New York City, New York, United States United States
Founded in: 2015
Stage: Revenue generating
Number of employees: 1-5
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Pillar Technologies, Inc.

New York City, New York, United States United States
  • About
Company description
Pillar Technologies provides a network of durable smart sensors that are deployed across construction sites. The modules contain a combination of sensors that collect, monitor, and analyze data such as temperature, humidity, smoke and dust particulate. By sending alerts to project staff about issues on-site that need immediate attention, these insights help improve project quality, safety, and profitability. The insurance industry is now able to mitigate damages in construction changing the industry from a reactive to proactive one. The end to end IoT system is specifically designed for construction sites. Contractors can now significantly improve their response times to potential and ongoing damages. This effectively mitigates losses across their job-sites and begins to quantify risk through the use of technology. Pillar provides insurance companies with analytics and reports that explain why a claim occurred and decreases the likelihood of long-term defect disputes and the costs associated with their arbitration. Pillar’s software platform provides data that can be synthesized with historical long term trends helping in accurately pricing future premiums, increasing commission and aiding insurers and re-insurers in taking on more risk. Pillar is working with some of the largest contractors in the US.